Electrocomponents announces refinancing of group debt facilities

Fri, 20th Nov 2020

Electronics distributor Electrocomponents has successfully completed the refinancing of its bank facilities with a group of eight existing and new relationship banks. The new facilities will comprise a three-year revolving credit facility of £300 million with an option to increase this by a further £100 million. The maturity of this facility may be extended at the option of the group for up to two further one-year terms subject to individual lender approval. This facility replaces an existing facility of £189 million, with a maturity of August 2022, which will be cancelled. The new facility is on broadly similar terms to the prior one. Story provided by StockMarketWire.com

FTSE 100 Latest