Concha agrees two month extension on loan facility

Concha, an AIM-listed investment vehicle, has agreed a two month extension to its short term loan facility with Churchill Media.

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.

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

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