24th Feb 2016 09:52
LONDON (Alliance News) - Somero Enterprises Inc on Wednesday said it has agreed to amend its existing credit facility with Citizens Bank, increasing and extending its revolving credit line.
Somero, which makes laser-guided equipment for concrete placing and levelling, said the amendment increases the size of the facility to USD10.0 million from USD5.0 million and extends the maturity of the loan to February 2021 from this month.
No changes were made to the terms of Somero's commercial real estate mortgage, it said.
It added it has no current plans to use the new revolving credit line.
Somero shares were untraded on Wednesday, having last traded at 134.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Somero