14th Oct 2013 08:32
LONDON (Alliance News) - WS Atkins PLC Monday said it has agreed a to a new, enlarged five year GBP200 million revolving credit facility with a number of its lenders, including Bank of America Securities Limited, Barclays Bank PLC, HSBC Bank PLC and The Royal Bank of Scotland PLC.
The new facility, maturing in October 2018, also adds three new banks: The National Bank of Abu Dhabi, Abbey National Treasury Services PLC and United Overseas Bank Limited.
The design, engineering and project management consultancy's new facility replaces a previous GBP150 million revolving credit facility, which also had a GBP30 million bilateral facility.
"We are very pleased to have secured this new, longer term facility which provides the group with financing to support its strategy," Heath Drewett, finance director, said in a statement.
WS Atkins shares were Monday quoted at 1,142.0 pence, up 7.0 pence, or 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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