18th Oct 2011 07:00
SEPURA PLC
REFINANCING OF EXISTING CREDIT FACILITIES
Sepura plc (the "Company"), a leading global provider of TETRA digital mobile radios, today announces it has entered into a new five year revolving credit facility of up to £18m with Barclays Corporate. The new facility will replace the Company's existing £15m working capital facility, which was scheduled to expire in October 2012, and a residual £3m term loan, which was due for repayment by 30 September 2012.
Gordon Watling, Chief Executive Officer of Sepura, commented: "We have acted early to ensure that we retain a flexible line of credit that will support the growth of the business as and when we need access to short-term funding. The fact that we have secured such a competitive package in the current market is a strong testament to our continuing progress and prospects for the future."
FOR FURTHER INFORMATION PLEASE CONTACT:
Sepura Tel: 01223 876 000
Gordon Watling, Chief Executive Officer
Powerscourt (Media Enquiries) Tel: 020 7250 1446
Paul Durman / Victoria Ward
NOTES TO EDITORS:
About Sepura
Sepura is a global leader in the design, manufacture and supply of TETRA (TErrestrial Trunked RAdio) digital radios, which are used predominantly by the emergency services around the world and in the transport, utilities and commercial sectors. Our products deliver mission critical communications.
Sepura offers one of the broadest ranges of TETRA products available, is often first to market with innovative products and features, and is a market leader in the supply of surveillance and other specialist TETRA radios and accessories. Founded in the UK in 2002, Sepura has expanded rapidly across the world with a network of regional partners that sell and provide local support for our market-leading products and is market leader in over 30 countries.
Based in Cambridge, England and employing some 300 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007. For further information please visit www.sepura.com.
Related Shares:
SEPU.L