LONDON (Alliance News) - The Quarto Group Inc Monday said it has refinanced its existing syndicated bank facility by signing a USD95 million multicurrency revolving credit and term loan facility with The Royal Bank of Scotland, Bank of America, Santander UK PLC and Fifth Third Bank.
The new facility matures at the end of April 2019 and comes ahead of the existing facility's expiration, which had been due at the same date this year.
"We are very pleased to have concluded our refinancing, with four existing banks to the group. They have been very supportive of our strategy and continue to recognise the ongoing strength of the business," Chief Financial Officer Mick Mousley said in a statement.
Quarto Group publishes and distributes illustrated books.
The company's shares were untraded on Monday at 155.00 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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