Invoice finance agreement

RNS Number : 9434Y

Filtronic PLC

14 September 2015

 



Filtronic plc

("Filtronic")

Invoice finance agreement

Filtronic plc (LSE: FTC), designer and manufacturer of microwave electronics products for wireless telecoms infrastructure and adjacent markets, is pleased to announce that its wholly owned U.S. subsidiary, Filtronic Wireless, Inc. ("FWI"), has entered into a sales invoice finance agreement with Faunus Group International, Inc. ("FGI Finance").

Under the terms of the agreement, FWI may draw down up to a maximum $3.5 million. This new sales invoice finance agreement is in addition to the £2.0 million sales invoice discounting facility provided by Barclays Bank plc to Filtronic's U.K. subsidiaries.

Enquiries:

Filtronic plc	www.filtronic.co.uk
Howard Ford, Chairman	0113 220 0000
Rob Smith, CEO
Panmure Gordon (UK) Limited	020 7886 2500
Dominic Morley
Walbrook PR Limited	020 7933 8780 or [e-mail]
Helen Cresswell
Paul Cornelius

 

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