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BCS Barclays PLC

10.92
0.08 (0.74%)
Pre Market
Last Updated: 13:18:13
Delayed by 15 minutes
Name Symbol Market Type
Barclays PLC NYSE:BCS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.08 0.74% 10.92 4,247 13:18:13

Learning Technologies Gets GBP20 Million Loan

29/03/2017 5:13pm

Dow Jones News


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LONDON--Learning Technologies Group PLC (LTG.LN) said Wednesday it got a 20 million pounds loan ($25.1 million) from Silicon Valley Bank for a period of five years.

The e-learning company said the new loan replaced the $16 million loan with Barclays Bank PLC (BARC.LN).

Some of the money from the new loan will be used to pay for its recent acquisition of NetDimensions Holdings Ltd., the company said.

The company won't need the GBP5 million loan from Chairman Andrew Brode anymore now that it's got this loan, it said.

 

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

March 29, 2017 11:58 ET (15:58 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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