January 30 (SeeNews) - Bulgarian financial services company ITF Group [BUL:ITF] said on Monday that it has entered into discussions with a specialised investment fund to secure a credit line.
ITF will use the funding to speed up the growth of its assets, revenue and profit in the medium term, it said in a bourse filing.
The terms of the deal are in the process of being specified. Further details were not disclosed.
ITF raised in December as much as 3.01 million levs ($1.68 million/1.53 million euro) in an initial public offering. The company also has a 5 million levs bond issue due in November 2026 listed on the Bulgarian Stock Exchange.
As at 1339 CET on Monday, shares in ITF traded flat at 4.25 levs on the BEAM growth segment of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)