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New Bank Facilities

20 Feb 2017 08:00

RNS Number : 2770X
Styles & Wood Group PLC
20 February 2017
 

Styles&Wood Group plc

("Styles&Wood" or the "Group") 

New Bank Facilities

 

Styles&Wood Group plc ("Styles&Wood" or the "Group"), the integrated property services and project delivery specialist, is pleased to announce that it has entered into new banking facilities with Santander UK PLC (the "Facility").

The Facility comprises a £5.0m Revolving Credit Facility to be used for working capital purposes to support the growth of the Group following the acquisitions of Keysource Limited in September 2016 and The GDM Group in January 2017. The Facility can also be utilised to finance further acquisitions. The committed facility is for a period of two and a half years.

 

Enquiries:

Styles&Wood Group plc

Tony Lenehan, Chief Executive Officer

Philip Lanigan, Group Finance Director

 

Tel 0161 926 6000

FTI Consulting

Oliver Winters/James Styles

 

Tel 0203 727 1000

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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