MRL Marlowe Plc

TIDMMRL

RNS Number : 9815P

Marlowe PLC

24 November 2016

24 November 2016

Marlowe plc

New debt facilities

Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, is pleased to announce that it has increased its current GBP7.5 million debt facility with Lloyds Bank by an additional GBP5 million to GBP12.5 million. The new facilities comprise an additional GBP3.5 million of term loan and an additional GBP1.5 million Revolving Credit Facility.

The increased debt facility will provide further resources to support the Company's acquisition-led growth strategy.

For further information:

 
Marlowe plc                  www.marloweplc.com 
 
Alex Dacre, Chief Executive  Tel: +44 (0) 203 
                              813 8498 
                               IR@marloweplc.com 
 
Cenkos Securities plc (Nominated Adviser and 
 Broker) 
 
Nicholas Wells,              Tel: +44 (0)20 7397 
 Elizabeth Bowman             8900 
 
FTI Consulting 
 
Nick Hasell                  Tel: +44 (0)20 3727 
                              1340 
Alex Le May 
 
 

About Marlowe plc

Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical asset maintenance services in the UK. It is focused on fire protection, security systems and water treatment services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

This information is provided by RNS

The company news service from the London Stock Exchange

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