News: ATP Atlas Pearls and Perfumes secures new debt facility

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    Jan 30 (Reuters) - Atlas Pearls and Perfumes Ltd (ATP) :

    • Atlas secures new debt facility
    • Loan will be over a 3 year period at a 7.5% interest rate, with staged repayments beginning from february 2018
    • Company has successfully secured a A$1.5 mln financing package with a related party, Tim Martin and Martin family
    • Atlas has reduced its core debt to Commonwealth Bank of Australia this financial year to $3.5 mln as at date of announcement
 
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