9th Sep 2008 07:00
9 September 2008
Lavendon Group plc (the "Company" or the "Group")
New Banking Facility
Lavendon Group plc, Europe's market leader in the rental of powered access equipment, today announces that it has agreed a new five year £180 million banking facility, to replace its previous arrangements which were due to expire in September 2009.
The new facility comprises of a €100 million amortising term loan over five years and a £100 million revolving multi-currency facility. The facility has a pricing structure broadly in line with the Group's previous arrangements, and a covenant package appropriate for the future development of the Group.
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For further information please contact:
|
Lavendon Group plc Kevin Appleton, Chief Executive Alan Merrell, Group Finance Director |
T: +44(0)1455 558874 |
|
Financial Dynamics Jonathon Brill/Billy Clegg/Caroline Stewart |
T: +44(0)207 831 3113 |
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