Electrocomponents zaps more power into revolver
Electrocomponents, a UK electrical and industrial supplies company, has signed a £300m revolving credit facility, increasing the size of the facility being replaced as access to liquidity remains many companies' key consideration.
Electrocomponents’ new loan has a three year maturity with the option to extend this by twice by a year. It also comes with a £100m accordion feature.
It refinances a £189m facility that was due to mature august 2022.Last week, loans bankers said that corporates were still keen ...