Cape refinances with £220m loan

06 Jan 2011

UK industrial services group Cape has signed a new credit facility, set to mature in June 2015, to refinance outstanding bank loans.

The new £220m syndicated credit line has been agreed with Lloyds Banking Group, Barclays Capital, National Australia Bank and HSBC as joint mandated lead arrangers.

Cape has £60m of loans, comprising a £13m term loan and a £47m revolver, due to mature in October this year. That deal was ...

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