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29 Jan 2014 07:00
29 January 2014
Scapa Group plc
('Scapa' or 'the Company')
New Finance Facility
Scapa (AIM:SCPA) a global supplier of bonding materials and solutions is today pleased to announce that it has successfully secured a committed £40 million debt finance facility to support future growth, with further access to an additional uncommitted £20 million "accordion" facility.
The four-and-half-year revolving credit facility has been provided by a three bank club consisting of Lloyds, HSBC and Barclays banking groups, with the latter two being new banking relationships for Scapa.
Heejae Chae, Chief Executive said:
"This finance facility provides us with further capacity to support the growth of the business, both organically and through acquisition. We are well-positioned to increase our global presence in our chosen markets and look to the future with confidence."
For further information:
Enquiries:
Scapa Group plc Heejae Chae - Chief Executive Paul Edwards - Finance Director
| 0161 301 7430
|
Numis Securities Limited (Nominated Adviser and Joint Broker) Mark Lander / Richard Thomas
| 020 7260 1000 |
N+1 Singer (Joint Broker) Nick Owen
| 0207 496 3182
|
Weber Shandwick Nick Oborne
| 020 7067 0700 |
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