StatPro Group plc announced that has increased and extended its financing facilities with Wells Fargo Capital Finance. The facility has been increased by adding an additional £5.2 million of committed facility and an additional £6 million of uncommitted capital. This secured financing facility is available for acquisitions, share buy-backs and general corporate purposes. Following the increase, the total facilities are approximately £49.1 million and comprise: £10 million committed revolving credit facility; £29.1 million committed term/deferred drawdown multi-currency loans; £10 million uncommitted additional facility available. The term for the committed facility has been extended to April 2024, subject to compliance with agreed covenants, primarily linked to recurring revenue, adjusted EBITDA and available liquidity. The financing costs are being amortized over the term of the loan.