20th Nov 2007 08:00
20 November 2007
LogicaCMG signs extension to ‚£150 million bank loan
LogicaCMG has signed an extension to the ‚£150 million tranche of its existing bank facilities. This tranche was due to mature in August 2008.
This amendment to the loan grants the company the option to extend until November 2010.
The other commercial terms of the loan, which is provided by a group of eight of the company's relationship banks, remain unchanged.
LogicaCMG's other principal bank facilities are a ¢â€š¬348 million term loan and a ‚£330 million multi-currency revolving credit facility, which is largely undrawn. Both of these facilities mature in September 2010.
For further information:
LogicaCMG Investor relations: Karen Keyes/Frances Gibbons +44 20 7446 4341/+44 7801 723 682
LogicaCMG Media relations: Carolyn Esser/Louise Fisk +44 20 7446 1786/+44 7841 602 391
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