4th Feb 2021 14:16
Water Intelligence PLC - Palm Springs, California-based environmental services and technology company - Expands credit facilities by USD3.2 million in order to further accelerate growth for 2021. Notes Thursday's expansion takes advantage of the current low interest rate environment and is made possible by the company's "consistently strong financial performance".
"Today's non-dilutive financing delivers additional value to our shareholders," says Executive Chair Patrick DeSouza.
Water Intelligence notes that, during the fourth quarter of 2020, it refinanced and expanded its credit facilities to reduce the cost of existing debt over the next five years and to create a new financing capacity of USD8 million to fuel growth.
Current stock price: 499.00 pence, down 2.2% on Thursday
Year-to-date change: down 0.2%
By Zoe Wickens; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Water Intel.