20th Jul 2015 06:56
LONDON (Alliance News) - Project management and technical consultancy WYG PLC on Monday said it has secured a GBP25 million multi-currency revolving credit facility with HSBC Bank PLC.
WYG said the deal replaces its existing trade finance facility with Santander Bank.
"We are delighted to have secured this new facility with HSBC which not only provides WYG with additional working capital headroom but, more importantly, can be used as a catalyst to accelerate growth, both organic and acquisitive," said WYG Chief Executive Paul Hamer.
By Sam Unsted; [email protected]; @SamUAtAlliance
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