Electra PE increases revolver
UK firm Electra Private Equity has signed a £195m five year revolving credit facility to refinance a similar facility of £185m, which was due to mature in 2013. The new revolver matures in June 2016. Existing lenders Barclays, Lloyds and Royal Bank of Scotland arranged the facility. Margins have not been disclosed, but Colette Bowe, Electra’s chairman, said the loan was on “better terms” than the previous facility.
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