Cobbetts has negotiated loan facilities of £10.5m in an effort to avoid a partner cash call The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a £2.5m overdraft and a £6.5m term loan secured by a debenture over the assets of debt recovery business Incasso - a wholly-owned subsidiary of Cobbetts.
February 10, 2010 at 09:37 AM
1 minute read
The original version of this story was published on Legalweek
Cobbetts has negotiated loan facilities of £10.5m in an effort to avoid a partner cash call
The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a £2.5m overdraft and a £6.5m term loan secured by a debenture over the assets of debt recovery business Incasso – a wholly-owned subsidiary of Cobbetts.
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