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Redcentric PLC - Harrogate, England-based IT services provider - Completes and increases the refinance of its debt facilities due to mature on June 30. The new facilities consist of a GBP80 million revolving credit facility and a GBP20 million accordion facility. They have an initial maturity date of April 26, 2025 with options to extends by a further one or two years. Company says the new facility will be used for working capital purposes and to fund acquisitions.
Current stock price: 124.00 pence, up 3.3% in London
12-month change: down 11%
By Heather Rydings; heatherrydings@alliancenews.com
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