Rentokil and Epwin latest UK names to fully draw RCFs
Pest control firm Rentokil and building products supplier Epwin Group have become the latest companies in the UK to draw down fully on their revolving credit facilities, as British companies continue to build up their cash piles despite an unprecedented financial support package from the government.
Rentokil has fully drawn its £550m due 2024 revolving credit facility, six months after reducing its size from £600m.
BNP Paribas, Barclays, BayernLB, Bank of America, HSBC, ING, JP Morgan, Lloyds, Mizuho, SEB and Standard Chartered were bookrunners on the deal when it was signed.Meanwhile, Epwin Group has drawn ...
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