Surgical Innovations Group plc Announces Withdraw Resignation as Finance Director; Enters into Supplemental Agreement with Yorkshire Bank to Extend the Term of Loan Facilities
The company has entered into a supplemental agreement with Yorkshire Bank extending the term of existing bank loan facilities by six months to October 31, 2017, and modifying the financial covenants for the year ending December 31, 2016 to reflect the Board's current financial forecasts. The supplemental agreement also includes an accelerated capital repayment of £700,000 which has been met from the available cash resources of the Company.