LGB arranges £25m MTN programme for Time Finance
LGB Capital Markets arranges a £25 million medium term note (MTN) programme for Time Finance (previously 1pm plc), the AIM quoted independent specialist finance provider.
The original £7.5m MTN programme, first established by LGB in 2017, has now been increased to £25m. The MTN programme will continue to provide Time Finance with the flexibility to issue notes with a range of maturities, repayment profiles and fixed interest rates. The first issue of notes under the new and increased MTN programme, amounting to £3m, has been placed with an institutional investor. The funds raised will continue to be used primarily to meet demand for loan finance from 1pm's SME customer base, but will also provide Time Finance with flexibility to fund related products and acquisitions.
To read the full RNS announcement, please click here.