STM Group PLC - cross-border financial services provider - Signs a credit facility with Royal Bank of Scotland (International) Ltd to support its mergers & acquisitions growth strategy. The credit facility is for GBP5.5 million, is to be used purely for acquisitions, and is expected to be drawn down in line with acquisition milestones by April 2022 at the latest. The facility has a five-year term with capital repayments structured over ten years and a final instalment to settle the outstanding balance in full at the end of the five years.
Current stock price: 27.67 pence
Year-to-date change: up 15%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Stm Grp. (STM)