Refinancing of Bank Facility

RNS Number : 2547Q

Electra Private Equity PLC

17 October 2011

 



17 OCTOBER 2011 

 Electra Private Equity PLC

Refinancing of Bank Facility

Electra Private Equity PLC ("Electra" or the "Company") is pleased to announce that it has completed a refinancing of its existing multi-currency revolving credit facility, increasing the size from £185 million to £195 million and extending the loan term from January 2013 to June 2016.

The five-year facility has been arranged with existing lenders, Lloyds TSB Bank plc, The Royal Bank of Scotland plc and Barclays.

Colette Bowe, Chairman of Electra, said: "The refinancing of Electra's credit facility is an important milestone for the Company. We place much value on our relationships with lenders, and the ability to secure a refinancing of our debt facility in such a volatile economic environment and on better terms than previously is a resounding endorsement of Electra's strong balance sheet and the quality and experience of the Electra Partners team."

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For further information please contact:

Kate Ruck Keene, M:Communications     [phone]

Daniel O'Donnell, M:Communications      [phone]

 

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