31st Oct 2019 14:17
(Alliance News) - Energy consultant Inspired Energy PLC on Thursday said that it has secured a GBP60 million loan to refinance existing borrowings and to provide further capital to accelerate the company's growth and acquisition strategy.
The loan, which was provided by Santander UK PLC and Bank of Ireland, runs to October 2023 and the group has an option to extend the term for a further year to October 2024. The facility also has a one-year extension option.
Inspired Energy shares were up 0.8% at 14.37 pence each on Thursday afternoon.
By Tapan Panchal; [email protected]
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