Mecom extends facilities by a year, signing new line

Mecom, the UK publishing group, has extended its syndicated bank facilities by one year, pushing the maturity of its €250m lines to the end of October 2014.

  • 01 Mar 2013

As part of the extension agreement, the terms of the firm’s borrowings — which comprise a term loan and a revolver — have been amended. The term loan has grown from €72m to €135m, while the revolver has been reduced from €200m to €115m.

The facilities were originally agreed ...

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