5th Sep 2007 07:02
Carillion PLC05 September 2007 5 September 2007 Carillion plc secures new corporate borrowing facilities of £590million Support services and construction company, Carillion plc, has completed arefinancing of its corporate borrowing facilities, which have been increased by£261 million from £329 million to £590 million. These facilities will supportthe medium-term growth strategy of the Group. These new facilities, launched at £500 million, were oversubscribed and securedon attractive terms and replace the syndicated loan taken out in February 2006to support financing of the acquisition of Mowlem plc. Syndication of the newfive-year facilities has been led by four core banks; The Royal Bank of Scotlandplc, Bank of Scotland, Bayerische Landesbank (London Branch) and Lloyds TSB Bankplc. Commenting, Carillion's Group Finance Director, Richard Adam, said: "We arepleased to have negotiated new facilities over the last few months, particularlyin the current challenging conditions of the global debt markets. Thisdemonstrates the banking community's strong support for, and confidence in, theCarillion Group and we look forward to working with our core banks to build onthe strong relationships we have with them." For further information contact Richard Adam, Group Finance Director tel: +44 (0)1902 422431John Denning, Group Corporate Affairs Director tel: +44 (0)1902 316426 Notes to editors Carillion is one of the UK's leading support services, construction and PublicPrivate Partnership project companies. The Group has annual revenue of around £4bn and employs over 50,000 people. The Group operates across the UK, in the Middle East and in Canada and theCaribbean. In the UK, the Group has eight principal market sectors - Defence, Education,Health, Building, Facilities Management and Services, Roads, Rail and CivilEngineering. In the Middle East, the Group's two principal market sectors are Constructionand Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, RoadsMaintenance and Construction. The Group is a leader in Public Private Partnership projects, particularly inthe Defence, Education and Health sectors in the UK and in the Health sector inCanada. This and other news releases relating to the Group can be found atwww.carillionplc.com PhotographsHigh resolution photographs are available free of charge to the media atwww.newscast.co.uktel: 0208 886 5895 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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