Carillion PLC Carillion refinances maturing debt facilities (5008V)
January 30 2017 - 10:42AM
UK Regulatory
TIDMCLLN
RNS Number : 5008V
Carillion PLC
30 January 2017
30 January 2017
Carillion successfully refinances maturing debt facilities
Carillion plc is pleased to announce that it has successfully
refinanced existing funding arrangements that are due to mature
during 2017 and 2018. The replacement financing has been secured
from the German Schuldschein Market and the GBP112 million of loans
received exceeded our target of GBP100 million, further evidencing
the strong support Carillion continues to receive in the debt
capital markets.
The loans have an average maturity of approximately five years
and a blended interest rate of sub-three per cent, including fees.
This further diversifies the Group's sources of funding, provides
long-term debt on attractive terms and maintains the Group's strong
liquidity position with access to over GBP1.4 billion of funding to
support its strategic objectives and development.
Notes to Editors
Carillion is a leading integrated support services company with
a substantial portfolio of Public Private Partnership projects,
extensive construction capabilities and a sector leading ability to
deliver sustainable solutions. The Group had annual revenue in 2015
of some GBP4.6 billion, employs around 46,000 people and operates
across the UK, in the Middle East and Canada.
The Group has four business segments.
Support services - this includes facilities management,
facilities services, energy services, utilities services, road
maintenance, rail services, remote site accommodation services and
consultancy services in the UK, Canada and the Middle East.
Public Private Partnership (PPP) projects - this includes
investing activities in PPP projects for Government buildings and
infrastructure mainly in the Defence, Health, Education, Transport
and Secure accommodation sectors in the UK and Canada.
Middle East construction services - this includes building and
civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this
includes building, civil engineering and developments activities in
the UK and construction activities in Canada.
www.carillionplc.com
For more information
John Denning, Director Group Corporate Affairs, Carillion plc
+44 (0) 1902 906333
Bell Pottinger
Liz Morley or Sam Cartwright +44 (0) 203 772 2588
This information is provided by RNS
The company news service from the London Stock Exchange
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