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Renewal of Banking Facilities

30th Sep 2011 16:32

RNS Number : 3524P
Devro PLC
30 September 2011
 



 

For Immediate Release

30 September 2011

 

Devro plc

("Devro" or the "Company")

 

Renewal of Banking Facilities

 

Devro plc (LSE: DVO), the world's leading manufacturer of collagen products for the food industry, today announces that it has successfully renewed its £51 million revolving credit facility with a syndicate of four banks for a period of five years. The banks involved are Barclays Corporate, Clydesdale Bank, HSBC and Rabobank.

 

Commenting, Simon Webb, Finance Director, said:

 

"We are delighted to report this new facility. Devro is at an important time in its commercial development and the geographic spread of the syndicate of banks involved makes them well placed to support the Company as we continue to deliver on our global growth strategy."

 

ENDS

 

For further information, please contact: 

 

Simon Webb, Finance Director

Devro plc

 

Tel No: + 44 (0)1236 879191

Diane Stewart/Carrie Clement/ Charles Ryland

 

Buchanan

Tel No: + 44 (0) 20 7466 5000

 

 

Further information on Devro can be found on the Company's website: www.devro.com.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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