1st Nov 2011 07:00
1 November 2011
OPSEC SECURITY GROUP PLC
(the "Company")
Investcorp Loan Agreement
OpSec Security Group plc is pleased to announce that on 31 October 2011 it repaid all amounts, being US$9.6 million, due to be repaid to Orca Holdings Limited under the loan agreement dated 1 February 2010.
The repayment was financed through new banking facilities of up to $11.25m arranged with JPMorgan Chase Bank. The new facilities compromise: a) a three year revolving credit facility of $2m; b) a five year term loan of $8m; and c) a multicurrency overdraft facility of up to $1.25m.
For further information, please contact:
OpSec Security Group plc Mark Turnage, Chief Executive Mike Angus, Finance Director | 0191 417 5434 |
Shore Capital & Corporate Ltd Stephane Auton / Edward Mansfield | 020 7408 4090 |
Weber Shandwick Financial Nick Oborne / Stephanie Badjonat | 020 7067 0700
|
Related Shares:
OSG.L