27th Sep 2021 11:35
Mirada PLC - London-based broadcasting technology firm - Increases loan facility with Leasa Spain SLU to EUR3 million. Extends maturity date by one year to November 30, 2022. New contract with Mirada replaces the previous contract between the company's subsidiary, Mirada Iberia SAU, and Leasa. In 2019, the subsidiary agreed a EUR1.3 million revolving credit facility with the lender, which was set to expire on November 30, 2021. All other terms of the unsecured facility remain unchanged, the company says. Adds that EUR1.2 million is currently drawn under the facility, which has an interest rate of 8%.
"We have seen a strong resurgence in new business activity and a substantial increase in our pipeline of opportunities in recent months. This extension grants us significant financial flexibility and provides additional comfort that we can deliver against our ambitious near-term growth plans," comments Chief Executive Jose-Luis Vazquez.
Current stock price: 70.00 pence
Year-to-date change: down 5.3%
By Scarlett Butler; [email protected]
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