Cettire executes non-binding term sheet to factor VAT receivable
Cettire has executed a non-binding term sheet to factor its VAT receivable, with the factoring deal expected to generate minimum €13.70 million in cash proceeds. Completion is not guaranteed and is subject to due diligence.
Cettire Ltd said on Sept 29 that it has executed a non-binding term sheet to factor a VAT receivable. 70 million, but completion is not guaranteed and remains subject to due diligence.