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Carclo Secures GBP30 Million Loan Facility From HSBC

31st Mar 2015 11:25

LONDON (Alliance News) - Technical plastic products company Carclo PLC on Tuesday said it has secured a new five-year financing deal with HSBC Bank PLC.

Carclo said the GBP30 million, multi-currency revolving facility has been secured on broadly similar terms to the previous banking facility in place with HSBC and Lloyds Bank PLC.

It has also agreed a GBP10 million overdraft facility with HSBC.

Shares in Carclo were up 0.2% to 136.00 pence on Tuesday.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.


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Carclo
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