UK: Group Lotus plc secures GBP 40 million funding for future development
Group Lotus plc, the UK sportscar manufacturer and automotive engineering consultancy, has secured GPB 40 million financing in Guaranteed Floating Rate Notes (FRN). The issue, arranged by ING Barings, was oversubscribed by 70% reflecting market confidence in Lotus' future programmes. This funding will support the planned growth of Group Lotus' vehicle range, manufacturing capacity and engineering consultancy business.
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