Wynyard secures $10 mln short-term credit facility from shareholder Skipton

By Jonathan Underhill
Aug. 11 (BusinessDesk) - Wynyard Group said it has secured a $10 million revolving credit facility with major shareholder Skipton Building Society which will help the crime-fighting and security software developer manage its "revenue timing risks".
The one-year facility, secured over the assets of the company, includes arrangement and commitment fees, and drawdown fees of 8 percent and an annual interest rate of 15 percent on any amount drawn down, the Auckland-based company said in a statement.
Wynyard has revamp...
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