28 Jul 2011 07:00
28 July 2011
e2v technologies plc
New Banking Facilities
e2v technologies, the specialist provider of technology solutions for high performance systems, announces the completion of new banking facilities.
The committed multicurrency revolving facilities are equivalent to £80m and are available for 4 years from 27 July 2011. Based on the Group's current net borrowings of £27.5m as at 30 June 2011, the margin payable would be c140bps, almost half the level in the current facility negotiated in Autumn 2009.
The banks participating in the facility are Barclays Bank plc, HSBC Bank plc, Lloyds TSB Bank plc and Santander Bank plc.
Further enquiries:
e2v technologies plc | Tel: +44 (0)1245 493 493 |
Keith Attwood, Chief Executive
Charles Hindson, Group Finance Director | |
Website: www.e2v.com | |
Pelham Bell Pottinger | Tel: +44 (0)20 7861 3928 |
Archie Berens | |
Tristan Peniston-Bird |
Notes to editors
1. Net borrowings exclude capitalised borrowing costs.
2. All financial information included in this release is sourced from management accounts.