Logica has just raised another $300m through an (oversubscribed) private placing of loan notes with nine (mostly US-based) institutional investors. Logica is awaiting the arrival of new CFO, Himanshu Raja (see Logica finds a new (telecom-based) CFO), due to come on board in September. At least he will find some more cash in the kitty when he gets there - at least for a while, as the placing will be used to pay down a facility which comes due in Novermber.
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Logica dashes for more cash
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