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Group 107 ( (IL:G107) ) has issued an update.
Group 107 has entered into an agreement with a banking corporation to secure a credit line of approximately 1.4 million NIS. This credit facility aims to support the ongoing needs of the company and its subsidiaries, R.D. Levant Ltd. and the Central Company for Encouragement and Innovation in High-Tech Ltd. The credit line is subject to approval for renewal on a quarterly basis and involves an interest rate of the prime rate plus 2% to 3%. Previously existing credit lines have been canceled as a result of this agreement.
More about Group 107
YTD Price Performance: 1.47%
Average Trading Volume: 313,442
Learn more about G107 stock on TipRanks’ Stock Analysis page.