Carillion PLC Carillion renews main bank facility (2645H)
November 30 2015 - 2:00AM
UK Regulatory
TIDMCLLN
RNS Number : 2645H
Carillion PLC
30 November 2015
30 November 2015
Carillion renews main bank facility and extends maturity date to
November 2020 at lower pricing
Carillion has renewed its main revolving bank facility and
extended the maturity date by nearly three years, from March 2018
to November 2020. The GBP790 million facility has also attracted
reduced pricing across the board, which reflects the strength of
the Group's credit standing.
This facility, together with private placement funding that
expires between 2017 and 2024, convertible bonds maturing in 2019
and three small bilateral facilities, means that total funding
available to the Group is some GBP1.4 billion, which provides the
Group with considerable financial strength to support its strategy
for growth.
Commenting, Carillion Group Finance Director, Richard Adam,
said: "Extending our main revolving debt facility by nearly three
years at improved pricing, clearly indicates the strength of
Carillion's credit standing within the debt capital markets and
their support for our strategy for growth."
Notes to Editors
Carillion is a leading integrated support services company with
a substantial portfolio of Public Private Partnership projects and
extensive construction capabilities. The Group had annual revenue
in 2014 of some GBP4.1 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, utility services, road
maintenance, rail services and consultancy businesses 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.
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.
This and other Carillion news releases can be found at
www.carillionplc.com
For more information
John Denning, Director Group Corporate Affairs, Carillion plc +
44 (0) 1902 316426
Finsbury
James Murgatroyd or Gordon Simpson +44 (0) 207 2513801
This information is provided by RNS
The company news service from the London Stock Exchange
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