30th Nov 2015 07:47
LONDON (Alliance News) - Construction and support services company Carillion PLC on Monday said it has renewed its main banking facility and extended the maturity date on the facility at a lower cost.
The FTSE 250-listed company said it has renewed its GBP790.0 million facility and extended the maturity date to November 2020 from March 2018 previously, with improved pricing across the board.
In addition to its private placement funding, convertible bonds and small bilateral facilities also in place, Carillion said it now has around GBP1.4 billion in funding available.
"Extending our main revolving debt facility by nearly three years at improved pricing, clearly indicates the strength of Carillion's credit standing within the debt capital markets and their support for our strategy for growth," said Carillion Finance Director Richard Adam.
By Sam Unsted; [email protected]; @SamUAtAlliance
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