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Last checked at 
31 Mar 2015 07:00
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31 March 2015
Carclo plc ("the group")
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Refinancing
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The board is pleased to announce that the group has agreed new 5 year facilities with its lending bank HSBC Bank Plc ("HSBC"). This Β£30.0 million multi-currency revolving facility is on broadly comparable terms to the group's previous banking facilities, which were with HSBC and Lloyds Bank Plc, with similar covenant terms and slightly more beneficial pricing. The group has also agreed a Β£10.0 million overdraft facility with HSBC.
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Enquiries: | |
Carclo plc | 01924 268040 |
Chris Malley, Chief Executive | |
Robert Brooksbank, Finance Director | |
Peel Hunt LLP | 0207 418 8900 |
Justin Jones | |
Jock Maxwell Macdonald | |
Mike Bell | |
N+1 Singer | 0207 496 3000 |
Shaun Dobson | |
Richard Lindley | |
Weber Shandwick Financial | 020 7067 0700 |
Nick Oborne | |
Tom Jenkins |
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Notes to editors
Carclo plc is a public company whose shares are quoted on the London Stock Exchange.
Carclo's strategy is to develop and expand its key manufacturing assets where there remain significant further opportunities to drive value. To enhance profit margins the group has been investing in new technologies.
Approximately three fifths of revenues are currently derived from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the low volume premium automotive industry.
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