Shares soar as Snacktime secures new banking facility

AIM-listed British vending operator Snacktime has concluded a revised banking agreement with the Co-operative Bank covering both its term loan and overdraft facilities.

AIM-listed British vending operator Snacktime has concluded a revised banking agreement with the Co-operative Bank covering both its term loan and overdraft facilities.

In an update issued on Friday, the company said that it had received irrevocable commitments from certain existing shareholders and other persons to subscribe for £1.01m of new five-year unsecured loan notes.

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