By Josh White
Date: Friday 25 Mar 2022
LONDON (ShareCast) - (Sharecast News) - Cloud, network and security service provider Maintel announced a new refinancing agreement with HSBC UK on Friday, for a £26m facility over a minimum three-year term.
The AIM-traded firm said the new facility replaced a six-year banking partnership with NatWest.
It said the HSBC facility would consist of a £20m revolving credit facility and £6m term loan, both on more favourable terms than the NatWest facility.
"We are delighted to have signed an agreement with HSBC UK for a minimum three-year term, and look forward to working with our new banking partner as we progress our plans for continued organic growth and investment in new solutions and services," said non-executive chairman John Booth.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 258.89p |
Change Today | 8.89p |
% Change | 3.56 % |
52 Week High | 275.00 |
52 Week Low | 95.00 |
Volume | 5,494 |
Shares Issued | 14.36m |
Market Cap | £37.18m |
RiskGrade | 237 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 12-Sep-19 | 28-Mar-19 |
Paid | 04-Oct-19 | 16-May-19 |
Amount | 15.10p | 19.50p |
Time | Volume / Share Price |
11:39 | 200 @ 270.00p |
11:36 | 1,000 @ 260.00p |
11:31 | 2,294 @ 275.00p |
10:48 | 1,200 @ 249.00p |
10:45 | 800 @ 248.10p |
You are here: research