Manufacturer secures £60m refinancing as development plans stay on track
Strix Group has agreed a £60m credit facility with RBS and the Bank of China that will provide additional headroom during the continued uncertainty.
The Isle of Man group, which makes kettle safety controls, has refinanced its debt facilities that strengthens its medium-term position.
The AIM-listed business says it has been able to "limit the impact" of the pandemic on its full-year forecasts and its development plans remain on schedule.
Construction of a factory in China is "on budget and on schedule" to be fully operation... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
