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Project Finance commits to c.GBP12m loan note

18 January 2016 09:34

Project Finance Investments Limited confirms the completion on Jan. 15 of a transaction committing it to subscribe for a loan note with a term of up to about 5 years in an amount of up to about GBP12m.

The yield on the Loan Note is fixed at 7.8% per annum, payable quarterly in arrears.

The Loan Note was issued by Project Finance Investments (UK) Limited, a wholly owned subsidiary of the Company.

The proceeds of the Loan Note issue will be used to provide asset backed finance (the "Short Term Finance Loans") to a specialist lender active in the UK short term finance market.

At 9:34am: (LON:PROJ) Project Finance Investments Ltd Ord Npv share price was 0p at 103p

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