28th Jul 2015 07:08
LONDON (Alliance News) - FTSE 100-listed equipment rental company Ashtead Group PLC on Tuesday said it has amended and extended its senior credit facility.
Ashtead said it has extended the maturity on its senior credit facility to July 2020 from 2018 and said it has enlarged the size of the facility to USD2.6 billion, from USD2 billion.
"We are delighted to have completed this refinancing which provides us with long term stability and capacity to continue the execution of our well established strategy. It ensures that our debt package remains well structured and flexible," said Geoff Drabble, Ashtead's chief executive.
Shares in Ashtead were up 1.2% to 947.6193 pence after the open on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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