04:14 AM EDT, 06/04/2024 (MT Newswires) -- Raketech Group Holding Plc (RAKE) said on Tuesday that it has secured a 5 million euro ($5.4 million) revolving credit facility with Bank of Valletta.

Borrowings from the facility will bear interest at a rate of 4.5% over a variable internal bank rate.

The company's existing credit facility with Avida Finans AB will continue to run until December, it said.