27th Jun 2016 09:42
LONDON (Alliance News) - APC Technology Group PLC on Monday said it has extended the term of the GBP6 million invoice finance facility with ABN Commercial Finance.
The facility has now been extended to December 31, 2017. APC said the facility is less than 50% drawn and will provide working capital headroom as the group continues to grow.
"We are very happy to have extended the term of our invoice finance facility with ABN Commercial Finance out to December 31, 2017. ABN have been a great supporter of the business for the past 18 months, and this facility will support our working capital as we grow the business," Chief Executive Richard Hodgson said in a statement.
Shares in APC were trading down 1.0% at 7.95 pence on Monday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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