1st Aug 2005 07:15
Cobham PLC01 August 2005 1 August 2005 REFINANCING OF BANKING FACILITIES Cobham plc has entered into a new £300 million revolving credit facility toreplace an existing £150m five year facility and the US$200m bridge facility putin place to finance the Remec acquisition. The refinancing was completed to takeadvantage of favourable market conditions and results in reduced annual costs.The loan was syndicated as a club deal and was oversubscribed. This facility,arranged for general corporate purposes, is for five years, with possibleextensions of up to two years at the option of the banks. Dresdner Kleinwort Wasserstein acted as sole bookrunner for the transaction andthe mandated lead arrangers were Royal Bank of Scotland, Lloyds TSB, BarclaysCapital, Bank of America, BNP Paribas and DrKW. NOTES TO EDITOR Cobham plc - Cobham designs and manufactures equipment, specialised systems andcomponents supplied to the aerospace, defence, homeland security, search andrescue and communications markets and operates, modifies and maintains aircraftfor military training, special mission flight operations and outsourced freightand passenger services. ENQUIRIES Cobham plc Allan Cook, Chief ExecutiveWarren Tucker, Group Financial DirectorTelephone +44 (0) 1202 882 020 Or +44 (0) 7802 353 874 Weber Shandwick Square MileJohn Coles, DirectorTelephone +44 (0) 207 067 0749 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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