Babcock set to refinance Eu1bn of VT Group acquisition loans

28 Jan 2011

UK engineering support services company Babcock International Group is set to refinance £1bn of loans taken out last year to support its acquisition of VT Group over the coming months.

The group is already in the process of refinancing a £400m bridge loan, and will complete the refinancing of a £600m revolving credit facility after its financial year end at the end of March.

In March last year, Babcock signed a £400m 2011 bridge facility to support its £1.5bn ...

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