Eagle Eye extends Barclays credit facility

Michele Maatouk Sharecast | 06 Feb, 2017 10:04 - Updated: 10:04 | | |

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17:17 24/03/17

Software as a solution company Eagle Eye has agreed a £1.5m extension to its existing three-year credit facility with Barclays Bank.

As a result, it now has a £3m revolving loan facility available until 22 June 2019 to provide future support to the group's current strategic ambitions.

Chief executive Tim Mason said: "I am pleased by Barclays' continued confidence in our growth prospects. Having seen our revenue increase by circa 72% in the first half of our year, the increased facility will allow us to further deepen our relationships with our key Tier 1 clients, which will open up recurring transactional revenues in future periods."

At 1000 GMT, the shares were down 0.2% to 145.90p.

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