Flowgroup gets emergency funding of £5m
Chester-based Flowgroup, which provides residential gas and electricity supplies to customers across the UK, has received an emergency cash injection of £5m.
The facility, which runs until August, is being provided to Flow Energy Limited (FEL) by the group's loan note holders, Palm Ventures and Lombard Odier Asset Management.
The first £2m will be drawn down immediately.
An aggregate arrangement fee of £75,000 is payable in cash to the loan note holders on maturity of the 2018 Loan Notes.
AIM-listed Flowgroup, also the ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
