McLaren's immediate financial concerns have been eased following the agreement of a £150million loan with the National Bank of Bahrain [NBB]. NBB declared to the Bahrain Bourse [the country's stock exchange] on Monday [June 29] that the loan had been arranged. Article continues under video A statement read: "The National Bank of Bahrain hereby confirms to the markets that final documentation has been signed and all the necessary approvals have been granted in relation to a GBP 150 million financing facility." The statement has been signed off by NBB's chief financial officer Russell Bennett. Last week it emerged McLaren Holdings Ltd was facing a vital High Court case that was...
Full Story »