15th Aug 2005 07:00
Speedy Hire PLC15 August 2005 15 August 2005 Speedy Hire Plc Raises New £150 Million Debt Facility Speedy Hire plc, today announces it has completed the signing of a new debtfacility totalling £150 million. The new facility, structured as a five year revolving credit facility, willrefinance Speedy Hire's existing three year £125 million revolving creditfacility, which was due to expire in June 2006. Commenting on the refinancing, Neil O'Brien, Finance Director, said: "We are delighted at the strong support received from our key relationship banksin this highly successful debt raising. These new facilities will comprise animportant element of our medium-term financing as Speedy Hire continues itsgrowth strategy. Mandated Lead Arrangers were Barclays Bank, The Royal Bank of Scotland,LloydsTSB and National Australia Bank. The Facility and Documentation Agent isThe Royal Bank of Scotland. Speedy Hire was advised by Close Brothers Debt Advisory. Contacts: Speedy Hire Plc Hudson SandlerNeil O'Brien, Finance Director James BenjaminTel: 01942 720000 Tel: 020 7796 4133 Website: www.speedyhire.plc.uk Notes to Editors: Speedy Hire is a leading provider of tool and equipment hire services to UKcontractors and builders, industry, utilities and the public sector, operatingfrom over 300 depots throughout the country. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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