Northgate completes refinancing

Northgate said it has completed its refinancing to boost the light commercial vehicle hire company's balance sheet.The group has boosted its multi-bank facility by £113m to £534m and the maturity has been extended by one year to June 30th 2018. "The amended facility reflects the improved strength of the business and provides the group with further operational and financial flexibility to maximise opportunities for growth where the appropriate return exists," Chris Muir, Group Finance Director, said. NR