Avidly Plc has agreed on EUR 2.5 million debt financing
Avidly Plc, company announcement, 30 June 2020 at 2:35 pm EET Avidly Plc (“Company”) has agreed together with its bank and two domestic insurance companies on EUR 2.5 million long-term debt financing to strengthen the Company’s liquidity and to support its growth. The financing arrangements includes a guarantee issued by a third party. The first tranche of the financing arrangement, totaling EUR 1.5 million, will be drawn down immediately. The withdrawal of the remaining EUR 1.0 million is conditional on the terms set by the financiers for the Avidly Group's EBITDA in January–