LONDON (Alliance News) - SIG PLC Thursday said it has agreed a deal to refinance its GBP250 million revolving credit facility on more favourable terms.
The building products company said the new five-year deal has been secured through Barclays PLC, HSBC Holdings PLC, Lloyds Banking Group PLC and Royal Bank of Scotland Group PLC, all existing lenders, along with German bank Commerzbank AG.
SIG said the new deal provides the company with sufficient funding headroom and liquidity to back its medium-term plans.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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SIG (SHI)
Barclays (BARC)
Lloyds (LLOY)
HSBC Holdings (HSBA)