25th Jan 2019 18:40
LONDON (Alliance News) - Waste-to-energy producer EQTEC PLC said Friday it has consolidated two loans, from Altair Group Investment Ltd and Ecofinance (GLI) Ltd, into one facility.
On Tuesday, EQTEC PLC said Tuesday it entered into an agreement with Altair to increase its loan facility available to drawdown to GBP3.5 million, an increase of GBP879,000.
In order to facilitate the immediate drawdown of the increased amount, EQTEC and Ecofinance have entered into a deed of amendment to the existing Ecofinance loan - increasing the drawdown amount available to GBP1.9 million, on the same terms.
EQTEC also announced it is finalising the appointment of a new nominated adviser, which is expected before January 31.
Shares in EQTEC closed up 2.2% Friday at 1.37 pence each.
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