Dermot Desmond to almost double Datalex interest repayments

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The interest on Datalex’s loan repayments to Dermot Desmond’s Tireragh Ltd will almost double between now and October

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The interest rate on the airline software firm’s repayments has been increased, rising from 10 per cent per annum to 15.5 per cent with immediate effect and to 18 per cent per annum from October 1. The travel software business is to seek further funding opportunities following the amendment of its debt agreement with Tireragh to December ...

 

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Dermot Desmond hikes Datalex interest as €10m loan facility extendedInterest rate on the loans has been increased from 10% a year to 15.5% with immediate effect and will rise to 18% from October, Datalex said in a statement
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