Displaying items by tag: Debt Facility
10th February 2020
Shipyard Harland and Wolff Secures £2m Debt Facility
Shipyard Harland and Wolff in Belfast Harbour has secured a £2m (€2.35m) asset backed term debt facility.
Funds raised writes Independent.ie, will be used for working capital purposes, according to a statement from InfraStrata, the company which agreed to buy the Belfast shipyard last year.
The facility is for a period of two years, with the main amount repayable as a lump sum payment at the end of the period.
The loan carries a coupon of 13.2pc per year, payable in equal monthly instalments.
As previously reported on Afloat last week InfraStrata is behind a gas storage project in Larne Lough.
For more click here on this financial development at the yard.
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Belfast Lough
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