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
-
Nvidia's earnings live: stock gains as investors brace for key resultsNvidia's stock opened strongly ahead of its earnings, as analysts question whether Blackwell sales can make up for lost China revenue
-
8 of the best lakeside properties for saleThe best lakeside properties – from a house on the southeastern shore of Loch Lomond, to a 15th-century hall overlooking a lake in King’s Lynn, Norfolk
