22 July 2021 - new royalty agreement
The AIM-listed alternative finance provider has expanded its portfolio of investments with a £7.7m royalty financing agreement with InTec Business Solutions Limited, an IT company. The initial cash yield is 13.5% via monthly payments which commence immediately. The financing is on a 30 year term and this has allowed InTec to refinance certain items and restructure its balance sheet. Further financing may be provided to InTec to fund future acquisitions as this is part of the latter's strategy with the company having already made seven acquisitions since being founded in . . .
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