Inspired Capital Enlarges Debt Facilities
October 23 2014 - 04:21AM
Dow Jones News
LONDON-- Small and medium business financial services provider
Inspired Capital PLC (INSC.LN) Thursday announced an increase of
its debt facilities with Lloyds Banking Group PLC (LLOY.LN) from 34
million pounds ($54.7 million) to GBP50 million to finance its
invoice discounting business.
The company has also agreed terms of a GBP3.5 million debt
finance facility which has the potential to be extended further up
to GBP7 million.
Shares at 0749 GMT, unchanged at 16 pence valuing the company at
GBP34.5 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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