28th Mar 2014 11:57
LONDON (Alliance News) - Digital Globe Services Ltd Friday said that its indirect subsidiary Digital Globe Services Inc has entered into a working capital facility with a US bank for a borrowing capacity of up to USD3.5 million.
The software and advertising services company said that the facility provides the group with additional resources for capital investment.
It said the facility is a senior, secured working capital, demand note, due on on November 1 or on demand. The facility may be renewed by mutual agreement of the parties, it said.
The facility is a receivables finance facility secured by a charge over the assets of Digital Globe Services Inc.
Shares in Digital Global Services Ltd last traded at 208.04 pence per share, down 1.4%.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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