Severfield Completes Refinancing With New GBP50 Million Facility
20 Diciembre 2021 - 12:57PM
Noticias Dow Jones
By Joe Hoppe
Severfield PLC said Monday it has completed a refinancing with
its current banking syndicate, obtaining a new 50 million pound
($66.2 million) line of credit.
The London-listed structural-steel company said the new facility
replaces its original GBP25 million facility and extends its term
to expire in December 2026.
"The new facility provides the group with enhanced liquidity and
long-term financing to help support its growth strategy,"
Severfield said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
December 20, 2021 13:42 ET (18:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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