PuriCore Plc (PURI.L) said it closed on a new $3.5 million debt facility with Republic Bank on December 29, 2011. The debt will be utilized to finance the working capital requirements associated with Sterilox Fresh and FloraFresh System installations in the first half, 2012.
The company noted that the facility is structured as a promissory note with an imputed interest rate of 4%.
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