Concha, an AIM-listed investment vehicle, has agreed a two month extension to its short term loan facility with Churchill Media.
The original loan was for a sum of £750,000 loaned over a 10-month period.
The loan is repayable on demand, bears an interest rate of 6% above LIBOR and is secured against the assets of Churchill Media.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a statement released Monday the group said: "Concha is in discussions regarding a number of potential investments in line with its revised investing policy and looks forward to making further announcements in the coming weeks."
NR
-
Chase boosts easy-access interest rate - savers could earn 4.75%Chase is offering a boosted interest rate which is fixed for six months, on top of the standard variable rate
-
Investing in defence as the world rearmsAs countries in Europe and worldwide increase military spending amid mounting geopolitical tensions and risks, investors are taking a fresh look at defence companies
