Cobra secures £6.9m debt refinance with Clydesdale Bank
Firm says package will allow it to focus on growth opportunities.
Cobra Group plans to focus on future growth opportunities after securing a £6.9m debt refinance arrangement with Clydesdale Bank.
The company was established in 2006 through the merger of six companies.
The firm was returned to private ownership and de-listed following a management buyout (MBO) in 2012.
Strong
Chief executive Stephen Burrows said of Clydesdale Bank: "Their knowledge of the insurance sector has allowed Cobra to refinance in a beneficial manner.
"We are now in a strong position to
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