Capital/Financing Update • Sep 14, 2015
Capital/Financing Update
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National Storage Mechanism | Additional information
RNS Number : 9434Y
Filtronic PLC
14 September 2015
Filtronic plc
("Filtronic")
Invoice finance agreement
Filtronic plc (LSE: FTC), designer and manufacturer of microwave electronics products for wireless telecoms infrastructure and adjacent markets, is pleased to announce that its wholly owned U.S. subsidiary, Filtronic Wireless, Inc. ("FWI"), has entered into a sales invoice finance agreement with Faunus Group International, Inc. ("FGI Finance").
Under the terms of the agreement, FWI may draw down up to a maximum $3.5 million. This new sales invoice finance agreement is in addition to the £2.0 million sales invoice discounting facility provided by Barclays Bank plc to Filtronic's U.K. subsidiaries.
Enquiries:
| Filtronic plc | www.filtronic.co.uk |
| Howard Ford, Chairman | 0113 220 0000 |
| Rob Smith, CEO | |
| Panmure Gordon (UK) Limited | 020 7886 2500 |
| Dominic Morley | |
| Walbrook PR Limited | 020 7933 8780 or [email protected] |
| Helen Cresswell | |
| Paul Cornelius |
This information is provided by RNS
The company news service from the London Stock Exchange
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