The LSE-listed fintech has accessed the initial half of a $10 million term loan agreed with Clarivan Group Kommanditbolag less than two weeks ago.
GSTechnologies (LSE:GST) has drawn down the first US$5 million tranche of its US$10 million unsecured term loan facility with Clarivan Group Kommanditbolag, the company announced on 1 July.
The facility was originally disclosed on 17 June, making this drawdown the first concrete deployment of the arrangement.
The second US$5 million tranche is available at the company's election between 1 and 30 August.
A busy morning of corporate news set the tone for Wednesday's open, led by a sharp guidance upgrade from CMC Markets (LSE:CMCX) and a profit warning from Associated British Foods (LSE:ABF) on mounting costs in its Sugar division. Elsewhere, deal activity dominated, with NatWest completing a major we