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(Alliance News) - Construction materials firm SigmaRoc PLC said Thursday it has received positive expressions of interest from several banks for the implementation of a senior credit facility.
The proposed facility would be group wide, and replace several local facilities absorbed by SigmaRoc following recent acquisitions.
Looking ahead, SigmaRoc expects the new facility to be in place by the end of April 2020.
In addition, the group has proposed the establishment of a new advisory board, which will be focused on the Benelux region.
The board will be chaired by Chief Executive Officer Max Vermorken, and will be joined by entrepeneur Christophe de Limburg Stirum, and former Cement & Aggregates CEO Pascal Lesoinne of Heidelberg Cement Benelux.
Other members include SigmaRoc's Managing Director for Europe Emmanuel Maes, and Christophe Dauemerie, managing director at Belgian blue limestone provider Carrieres du Hainaut SA.
"I would like to thank the incumbent banks for their continued support of our group and look forward to working with them more closely in the coming year as we explore further opportunities in the Benelux region, which will be supported by an extremely high calibre advisory board," Vermorken said.
Shares in SigmaRoc - which is headquartered in London - were up 1.5% at 52.50 pence on Friday.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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