Smiths Group completes refinancing with new five-year credit facility

20th Feb 2014 09:33

Smiths Group has completed the refinancing of its existing 800m dollar bank facility, which had been due to mature in December 2015.The new, undrawn, committed revolving credit facility matures in February 2019 and has two one-year extension options. Finance Director Peter Turner said: "This core bank facility, now extended to 2019, will continue to provide Smiths Group with a solid financial platform to underpin the delivery of its strategic goals. Its successful completion reflects the close relationship we enjoy with our banking partners."NR