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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 exploring £650m sale of inspection business - report
16 Jun 2023 - PRESS: Marlowe in talks with bankers about potential sale of division
16 Jun 2023 - LONDON BRIEFING: Tesco sales up; ITV mulls AllMedia3 acquisition
16 Jun 2023 - UK shareholder meetings calendar - next 7 days
12 Jun 2023 - Marlowe confident in its full-year progress
28 Mar 2023 - IN BRIEF: Marlowe eyes annual results to be in line with market view
28 Mar 2023 - UK earnings, trading statements calendar - next 7 days
21 Mar 2023 - DIRECTOR DEALINGS: Wheaton CFO sells all shares from options exercise
2 Dec 2022
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