14th Apr 2005 11:22
Morgan Crucible Co PLC14 April 2005 14th April 2005 New Banking Facilities The Morgan Crucible Company plc ("Morgan") announces that it has recently signeda new US$350 million 5-year committed multicurrency revolving credit facility.This will replace a number of existing shorter-dated and more expensivefacilities, thereby extending the maturity of the group's debt, and reducingcost. The facility was self-arranged by Morgan and was provided by a core ofseven banks. Commenting on the refinancing, Mark Robertshaw, Chief Financial Officer, said: "Taking account of the new facilities and the existing Private Placement notes,Morgan now has ample headroom for the foreseeable future." For further information please contact: The Morgan Crucible Company plcVictoria Gould, Director of Group Communications 01753 837 000 Finsbury GroupCharlotte Hepburne-Scott 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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