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Augean renews and expands loan with HSBC

Tue, 11th Mar 2014 08:00

UK waste management company Augean said it has renewed and extended its banking facilities with HSBC.The new loan will provide debt funding of up to £15m, compared to the £10m previously available.Augean's existing loan was due for renewal on March 2015 but the board agreed to bring forward the renewal to March 2014. The new loan has been extended until July 2017."We are delighted to have renewed and extended our banking facilities with HSBC," said Finance Director Richard Allen. "The increased loan quantum and slightly extended term is expected to provide the Group with access to the funding it requires to support the growth of the business over the next four years."RD
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