SME lender Flender seeks to widen funding base after debt restructuring

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Enterprise-Ireland News

Revenue-Commissioners,Smes

Some investors said to have taken ‘sizeable haircuts’ after Scarp process

, the finance provider that has lent almost €68 million to small businesses since 2016, is looking to widen its funding base after emerging from a restructuring of parental and

The deal required a follow-up restructuring at NKK, which had raised €7.9 million over the years by way of equity, convertible loan notes and convertible preference shares to fund the Flender business.Nvidia probably won’t be thrilled that it drew the US justice department cardMr Boyle, a spokesman for Revenue and spokeswoman for Enterprise Ireland declined to comment on the financial terms of the restructurings.

“We are in talks with potential new funders and are hoping to close an initial new deal as soon as the end of this year,” he said.

 

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