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Originally Posted by wjfox2004
The £196 million facility has been provided by Nationwide Building Society and Kaupthing Singer & Friedlander "
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Indeed Will, it is a bank loan facility and not an equity-funding as Gothic wrongly announces on his site.
The difference is that bank loans are much less risky than equities.
CLS shares were up 10% on the news last week when contract was exchanged.
