LONDON (Alliance News) - GLI Finance Ltd on Thursday said it has repaid its loan to Sancus and has entered into a new loan agreement.
GLI has repaid its GBP30.0 million loan from its Sancus peer-to-peer lending platform and has secured a new GBP14.9 million, one-year loan.
The new loan is on a reduced interest rate of 8.75%, from 11% previously.
Shares in GLI were down 4.1% to 29.50 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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