30 November 2015
Carillion renews main bank facility and extends maturity date to November 2020 at lower pricing
Carillion has renewed its main revolving bank facility and extended the maturity date by nearly three years, from March 2018 to November 2020. The £790 million facility has also attracted reduced pricing across the board, which reflects the strength of the Group's credit standing.
This facility, together with private placement funding that expires between 2017 and 2024, convertible bonds maturing in 2019 and three small bilateral facilities, means that total funding available to the Group is some £1.4 billion, which provides the Group with considerable financial strength to support its strategy for growth.
Commenting, Carillion Group Finance Director, Richard Adam, said: "Extending our main revolving debt facility by nearly three years at improved pricing, clearly indicates the strength of Carillion's credit standing within the debt capital markets and their support for our strategy for growth."
Notes to Editors
Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2014 of some £4.1 billion, employs around 46,000 people and operates across the UK, in the Middle East and Canada.
The Group has four business segments:
Support services - this includes facilities management, facilities services, energy services, utility services, road maintenance, rail services and consultancy businesses in the UK, Canada and the Middle East.
Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.
Middle East construction services - this includes building and civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.
This and other Carillion news releases can be found at www.carillionplc.com
For more information
John Denning, Director Group Corporate Affairs, Carillion plc + 44 (0) 1902 316426
Finsbury
James Murgatroyd or Gordon Simpson +44 (0) 207 2513801
