Business
Eagle Eye secures credit facility with Barclays
Eagle Eye secures credit facility with Barclays.
About this update from Eagle Eye Solutions Group Plc
[{"type":"text","content":"\n \nRNS Number : 1430C Eagle Eye Solutions Group PLC 24 June 2016 \n\n \n \n24 June 2016\n \nEagle Eye Solutions Group PLC\n(\"Eagle Eye\", \"Group\" or the \"Company\")\n \nEagle Eye secures credit facility with Barclays to support Tier 1 expansion\n \n \nThe Company has agreed a three year £1,500,000 revolving loan facility with Barclays Bank PLC (\"Barclays\"), available until 22 June 2019.\n \nEagle Eye has demonstrated the ability to both win and deploy significant Tier 1 contracts over the last 12 months with Asda going fully live, the contract win of Sainsbury's and its first international Tier 1 grocer, Loblaws Inc. The funds available through the new facility will strengthen the Company's balance sheet as it continues to deepen and broaden its Tier 1 relationships with national and international customers. \n \nTim Mason, Chairman, commented: \n\"I am pleased by Barclays' confidence in our growth prospects. As the UK loyalty market continues its transition from paper and plastic to digital rewards, we continue to seek to exploit the major growth opportunities open to our business both in the UK, and internationally.''\n \n \nFor further information please contact:\n\n\n\n\n \nEagle Eye\nPhill Blundell, Chief Executive Officer\nLucy Sharman-Munday, Chief Finance Officer\n \n\n\n \n \nTel: 0844 824 3686\n\n\n\n\nInvestec \nDominic Emery/David Anderson, Corporate Finance\nMatt Lewis, Corporate Broking\n \n\n\n \n Tel: 0207 597 4000\n \n\n\n\n\nHudson Sandler \nNick Lyon/Alex Brennan\n \n\n\n \nTel: 0207 796 4133\n\n\n\n\n \nInformation on Eagle Eye\nwww.eagleeye.com\nEagle Eye is a leading SaaS technology company that securely validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries.\n \nThe Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offe...