23rd Jul 2014 09:36
LONDON (Alliance News) - Mitie Group PLC Wednesday said it has extended its multi-currency revolving credit facility to mature in July 2019 and increased the size of the deal to GBP275 million.
The outsourcing firm's previous revolving credit facility was for GBP250 million and was due to mature in September 2015. Mitie said the renegotiation of the deal was part of the normal course of business.
In addition to the revolving credit facility, Mitie has retained its borrowing facility of GBP251.7 million in US private placement loan notes and GBP40 million in uncommitted overdraft facilities.
Mitie shares were up 1.1% to 316.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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