Electrocomponents zaps more power into revolver

Electricity_adobe_12May_575
By Mike Turner
30 Nov 2020

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial