1st Apr 2015 09:50
LONDON (Alliance News) - Digital Globe Services Ltd said Wednesday that its indirect US subsidiaries have collectively entered into a working capital facility with borrowing capacity of up to USD3.0 million with San Francisco based Heritage Bank of Commerce.
"We are pleased to be partnering with Heritage Bank which is supportive of our growth strategy and recognises the opportunities available to us in the digital, on-line advertising and customer acquisition industries. This financing facility will be of great benefit to the company as we continue to expand in the US, Canada and Europe, and we look forward to our ongoing relationship," said Chief Executive Officer Jeff Cox in a statement.
Shares in Digital Globe Services are trading up 3.3% at 47.00 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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