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

Wed, 10 Aug 2016

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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