Ince Group - Quick Take - New Banking Agreement
Ince has announced a new banking agreement with Investec Bank plc., replacing its prior agreement with Barclays. This latter consisted of a £4.2m balance remaining on the term loan and a £6.5m revolving credit facility (RCF) – both of which were repayable at the end of December this year.
These new facilities with Investec should be beneficial to Ince, as they reflect its new profile as a growing international business services firm.
Read the full note here.