20 Feb 2017 08:00
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 |