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Avanti extends credit facility amid lower Q1

Friday 30 November 2018 | 15:10 CET | News
Avanti Communications Group has given a trading update for its fiscal first quarter to end September, saying revenues went to USD 10.8 million and the EBITDA loss to USD 10.6 million. Revenues were last year reported at USD 18 million, with the EBITDA loss at USD 5.0 million. Cash at the end of the quarter this year went to USD 13.3 million. Avanti also announced it has extended its Super Senior Facility to USD 152.5 million, from 132.5 million. The company has so far drawn USD 118 million from this credit line and plans to use the new funding of USD 34.5 million to support the business going

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Categories: Broadcast & Satellite / Broadcast & Satellite
Companies: Avanti Communications
Countries: World
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