18th Mar 2019 14:13
LONDON (Alliance News) - Hadrian's Wall Secured Investments Ltd on Monday said it has begun to draw down the facilities available under GBP25 million loan agreement.
In November last year, the investment and advisory services company entered into revolving loan facility deal with Shawbrook Bank Ltd. Hadrian said it has started to use the facility due to the strong demand from UK small and medium-sized enterprises for loan financing.
Looking ahead, the company said it will continue to use the facility in order to manage its ongoing liquidity requirements and to minimise unused cash balances.
Hadrian's also intends to continue to monitor liquidity and investment opportunities, which may include raising further equity capital in order to finance the ongoing pipeline of opportunities and to pay down amounts drawn under the facility.
The stock was trading 0.2% higher on Monday at 95.48 pence each.
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HWSL.L