F&I Management & Training

ACCIDENT Exchange Group is raising £50 million to repay £5m of its existing secured facility and to provide additional working capital to the company and its subsidiaries.The cash, which will be raised via international institutional investors, is through five-year ‘Convertible Notes’ which can be redeemed in 2013 for shares. The offer is expected to close around January 4 next year.

DATED: 06.12.07

FEED: HC