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Kape Technologies PLC - Isle of Man-based digital privacy and security business - Enters into an agreement for new bank facilities with its existing lenders and two new banks. The new banking facility will replace the existing debt facilities. It will realise $20 million in net debt reduction, $8 million of savings on financing costs, and provide long-term financing to support Kape's expansion, the firm says.
Facilities comprise of a $275.0 million senior secured term facility, a $150.0 million revolving credit facility and an uncommitted $75.0 million facility. They have a four-year term.
Current stock price: 221.25 pence, up 0.6% on Tuesday in London
12-month change: down 45%
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