Low & Bonar opts for early refinancing

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By Michael Turner
17 May 2018

The UK’s Low & Bonar has signed a new €165m five year revolving credit facility, refinancing early a same sized revolver that was due to mature in July next year.

Five relationship banks provided the refinancing facility, the company said without naming the lenders.

Barclays, ING, KBC and RBS have provided loans to the company in the last decade.

The margin is similar to the loan being replaced, the borrower said.

Lenders, ...

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