GCP Infra signs new revolving credit facility

20th Feb 2024 08:27

(Sharecast News) - GCP Infra has agreed a new revolving credit facility and cut its total commitment by Â£40m to Â£150m.

The three-year RCF has been agreed with four lenders, Lloyds Bank, Mizuho Bank, Allied Irish Bank and Clydesdale Bank (trading as Virgin Money).

As part of the refinance, the company repaid Â£10m of the RCF, reducing the drawn balance to Â£96m after accounting for accrued interest and refinance costs. Its net debt position is currently Â£72m.

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