Atkins' new banking facility

Atkins' new banking facility

WS Atkins plc ("Atkins" or the "Group"), the design, engineering and project management consultancy, announces that it has entered into a new five year revolving credit facility ("RCF") which matures in October 2018.

The new arrangement provides the Group with an enlarged committed facility of £200m, and replaces the Group's existing £150 million RCF and £30 million bilateral facility. This larger facility provides the Group with increased and longer term financial capacity to support its strategy.

The new facility includes four of the Group's existing lenders, Banc of America Securities Limited, Barclays Bank plc, HSBC Bank plc and The Royal Bank of Scotland plc, together with three new banks, The National Bank of Abu Dhabi, Abbey National Treasury Services plc and United Overseas Bank Limited.

Heath Drewett, Group finance director, commented, "We are very pleased to have secured this new, longer term facility which provides the Group with financing to support its strategy, and are particularly delighted with the opportunity to introduce a number of new lenders to the Group. This diverse, wider banking group more closely reflects the international nature of our Group."

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Atkins (www.atkinsglobal.com) is one of the world's leading design, engineering and project management consultancies*, employing some 18,000 people across the UK, North America, Middle East, Asia Pacific and Europe. Over 75 years, from post-war regeneration and the advent of nuclear engineering to high speed rail and the integrated sustainable cities of the future, our people's breadth and depth of expertise and drive to ask why has allowed us to plan, design and enable some of the world's most complex projects.

*14th largest global design firm (Engineering News-Record 2013) and the third largest multidisciplinary consultancy in Europe (Svensk Teknik och Design 2012).