UK - Octopus completes £2.65m CSL refinancing

Octopus is stepping in after the collapse of CSL's incumbent bank Kaupthing Singer & Friedlander. The five-year interest-only flexible loan is part of Octopus' new "Breathing Space" product for small and medium sized companies in the UK. The investor has allocated £40m of funds raised through several of its lower risk VCTs to the product.

CSL produces dual signalling alarm products for commercial and domestic premises and will use the loan to continue its expansion plans and product development.

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• Topics
• Restructuring
• UK / Ireland