Carillion refinances maturing debt facilities

RNS Number : 5008V

Carillion PLC

30 January 2017

 

30 January 2017

Carillion successfully refinances maturing debt facilities      

Carillion plc is pleased to announce that it has successfully refinanced existing funding arrangements that are due to mature during 2017 and 2018.  The replacement financing has been secured from the German Schuldschein Market and the £112 million of loans received exceeded our target of £100 million, further evidencing the strong support Carillion continues to receive in the debt capital markets.        

The loans have an average maturity of approximately five years and a blended interest rate of sub-three per cent, including fees.  This further diversifies the Group's sources of funding, provides long-term debt on attractive terms and maintains the Group's strong liquidity position with access to over £1.4 billion of funding to support its strategic objectives and development.

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects, extensive construction capabilities and a sector leading ability to deliver sustainable solutions.  The Group had annual revenue in 2015 of some £4.6 billion, employs around 46,000 people and operates across the UK, in the Middle East and Canada.

The Group has four business segments.

Support services - this includes facilities management, facilities services, energy services, utilities services, road maintenance, rail services, remote site accommodation services and consultancy services in the UK, Canada and the Middle East.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure mainly in the Defence, Health, Education, Transport and Secure accommodation sectors in the UK and Canada.

Middle East construction services - this includes building and civil engineering activities in the Middle East. 

Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

www.carillionplc.com

For more information 

John Denning, Director Group Corporate Affairs, Carillion plc                      [phone]

Bell Pottinger

Liz Morley or Sam Cartwright                                                                  [phone]

 

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