StockMarketWire.com - Portfolio analytics services provider StatPro Group said it had increased and extended its financing facilities with Wells Fargo Capital Finance.

The facility had been increased by adding an additional £5.2m of committed facility and an additional £6m of uncommitted capital.

The secured financing facility was available for acquisitions, share buy-backs and general corporate purposes.

Following the increase, the company's total facilities were around £49.1m.

The term for the committed facility had been extended to April 2024, subject to compliance with agreed covenants, primarily linked to recurring revenue, adjusted Ebitda and available liquidity.




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