Source - SMW
InfraStrata said subsidiary and steel yard, Harland and Wolff, had secured a £2m asset-backed term debt facility.

Under the terms of the facility, Harland would drawdown the sum of £2m immediately and the proceeds would be utilised for working capital purposes, the company said. 

The facility was for a term of 24 months and carried a coupon of 13.2% per annum, payable in equal monthly instalments in arrears. 

At the end of the 24-month tenure of the facility, there would be an exit fee of 4% payable to the lender. 
 
At 9:22am: (LON:INFA) Infrastrata PLC share price was -0.01p at 0.29p



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