AIM-listed UK lessor 1pm has issued a new loan note programme arranged through corporate finance and investment advisory firm Lesmoir-Gordon, Boyle & Co.
Each tranche of the programme will be for a minimum of £250, 000 (292,000) and will be made available every quarter, on an indefinite basis.
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The funds will be used exclusively for the purpose of financing new lease contracts, and the first tranche of £320, 000 has already been made available to 1pm.
Maria Hampton, chief executive officer of 1pm said the issuance was "a significant opportunity for 1pm".
