1st Apr 2015 10:24
LONDON (Alliance News) - APR Energy PLC Wednesday said it has amended its senior syndicated credit facilities to provide additional flexibility around certain covenants while promoting the near-term deleveraging of the group.
The company's credit facilities currently comprise a USD450 million revolving credit facility and a USD230 million term loan.
The amendment to the credit facilities provides an increased leverage ratio and will allow the group to continue executing upon its business strategy as it positions for longer-term growth, it said.
APR Energy shares were trading up 2.5% at 390.25 pence Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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