Statement re new £30m financing facilities

Summary by AI BETAClose X

Capita plc has secured new financing facilities totaling £30 million from Shawbrook Bank Limited, consisting of a £15 million revolving credit facility and a £15 million term loan, both with a three-year maturity until September 2029. The revolving credit facility is on similar terms to Capita's existing £325 million facility, while the term loan carries a slightly higher interest rate. These new funds will be utilized for general corporate purposes and to refinance existing debt, providing financial flexibility for the company.

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Capita (CPI)
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