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SigmaRoc PLC - London-based construction materials group - Enters into a new syndicated senior credit facility of up to GBP125 million led by Santander UK and several other "major" UK and European banks. Says the five-year credit facility, which comprises an GBP85 million committed term facility and a GBP40 million accordion option, will offer "further capacity and flexibility to support its ongoing buy-and-build strategy, as well as reducing like-for-like borrowing costs."
"I would like to thank Santander UK, who have supported our business and our growth for many years and took the lead on this expanded facility in the role as mandated lead arranger. The group has benefited from their pragmatic approach and speed of execution. I am pleased we will be entering into 2021 with the right facilities in place, backed by high quality banks in the UK and Europe, to support the group in its development and further growth," says Chief Executive Max Vermorken.
Current stock price: 61.65 pence
Year-to-date change: up 25%
By Zoe Wickens; zoewickens@alliancenews.com
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