NowVertical (NOWVF) Group entered into a senior secured facilities agreement with HSBC (HSBC) UK Bank, as arranger, original lender and agent. Pursuant to the Facilities Agreement, NowVertical UK and NowVertical Group, as borrowers, have access to credit facilities of up to $18M which may be increased by up to an additional $8M upon the approval of HSBC, for total credit of up to $26M.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSBC:
- HSBC cut over two dozen analysts in investment banking overhaul, Bloomberg says
- HSBC ties bonuses of UK retail staff to RTO mandate, Bloomberg reports
- ‘Time to Exit,’ as Another Analyst Loses Faith in UnitedHealth Stock (UNH)
- Eli Lilly Stock (LLY) Has Price Target Lowered by Analysts at HSBC
- HSBC price target lowered to 830 GBp from 920 GBp at JPMorgan