Cobra agrees loan arrangement to bolster working capital and reduce borrowing
The board of broking consolidator Cobra has entered into a financing agreement with Wainford Holdings whereby Wainford has agreed to subscribe for convertible loan notes in the business.
Dominic Wainford, who owns Wainford, has been appointed as a non-executive director of Cobra.
In a statement Cobra said: "The Convertible loan notes Cobra has created 280 tranches of secured
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