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Marlowe Share News (MRL)
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- This share is currently suspended. It was suspended at a price of 440.00
- There is currently no data for MRL
Marlowe enters new, larger debt facility
The AIM-traded firm said the new unsecured debt facility would replace its existing facility, and increase its total committed facility to £180m from £130m, in addition to a further £60m uncommitted accordion.
It said the facility involved a banking syndicate of six banks, and would have an initial three-year term with two optional annual extensions.
"The increased debt capacity provided by the new facility will provide further resources as the group continues to deliver upon its ongoing growth strategy," the Marlowe board said in its statement.
At 1121 GMT, shares in Marlowe were down 1.13% at 876p.
Latest MRL News
- Marlowe's planned occupational health demerger is "logical evolution"
13 Sep 2024 - LONDON MARKET MIDDAY: Confident trade before expected ECB rate cut
12 Sep 2024 - Marlowe arm Optima Health to debut on AIM after demerger
12 Sep 2024 - Marlowe to demerge occupational health division
12 Sep 2024 - LONDON BRIEFING: Trainline lifts guidance; Kier Group earnings climb
12 Sep 2024 - Marlowe posts full-year results in line with forecasts
23 Jul 2024 - Marlowe sees annual loss widen as administrative costs rise
23 Jul 2024 - IN BRIEF: Gusbourne in play as majority owner Ashcroft seeks exit
22 Jul 2024
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