LONDON (Alliance News) - Impax Environmental Markets PLC said announces that it has entered into two five-year loan agreements and a further GBP2.5 million multi-currency revolving credit facility.
The investment company also has repaid and canceled its existing GBP30 million multi-currency revolving credit facility.
Impax has inked five year fixed rate loans of GBP15 million and USD20 million with Scotiabank Europe PLC. The interest rates on the loans are 2.910% per annum and 4.504% per annum, respectively.
The company has entered into a multi-currency revolving credit facility agreement with Scotiabank Europe PLC for current committed amount of GBP2.5 million with an uncommitted accordion option to increase the facility by GBP17.5 million.
Shares in Impax were trading 0.8% higher at 280.28 pence each on Thursday afternoon.
Impax Asset Management (IEM)