Premier Technical Services Increases HSBC Lending Facilities

LONDON (Alliance News) - Premier Technical Services Group PLC on Thursday said it has extended its existing banking facilities with HSBC.

The niche technical services provider said it has increased its revolving credit facility with HSBC to GBP10.0 million from GBP7.0 million, with an unchanged expiry date of September 2020.

Premier Technical also increased the overdraft facility to GBP4.0 million from GBP2.5 million.

All terms on the loan, including the interest rate, are unchanged, Premier Technical said, without specifying the interest rate.

Premier Technical shares were up 2.2% to 78.15 pence Thursday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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