PayPoint Increases And Extends Revolving Credit Facility

LONDON (Alliance News) - Payment technologies provider PayPoint PLC Wednesday said it has increased and extended the maturity of its revolving credit facility.

The firm said its revolving credit facility has been increased to GBP45 million, from GBP35 million, and will now mature in May 2019, rather than May 2016.

PayPoint last month posted a rise in first-quarter net revenue, driven by growth in its bill and general transactions, as well as in top-ups, retail services, and mobile and online.

PayPoint shares were down 0.8% to 1,039 pence on Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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