Scapa secures 40m pound debt facility

29th Jan 2014 12:26

AIM-listed Scapa Group, which supplies bonding materials and solutions, has secured a committed 40m pound debt finance facility. The four-and-half-year revolving credit facility, which also grants further access to an additional uncommitted £20m, was sought out to support the company's future growth. The group Chief Executive, Heejae Chae, said: "This finance facility provides us with further capacity to support the growth of the business, both organically and through acquisition. "We are well-positioned to increase our global presence in our chosen markets and look to the future with confidence."NR