Clear Leisure takes out another loan with Eufingest

Clear Leisure has entered into a new unsecured loan facility agreement with Eufingest, it announced on Wednesday.

The AIM-traded firm said that under the new facility, Eufingest would provide €0.15m (£0.13m) and £0.03m at an interest rate of 2.5% per annum, repayable on 31 December.

It said the proceeds of the facility would be used for working capital purposes.

Eufingest also agreed to extend the repayment of the €0.25m loan note facility announced on 30 July to 31 December.

The loan was originally due to be repaid on 30 September.

“As of today, debt outstanding from Eufingest amounts to €3.74m, inclusive of €0.09m accrued interest,” the Clear Leisure board said in its statement.