Renewal of Bank Facilities

RNS Number : 3899H

Galliford Try PLC

27 May 2011

 



BANK FACILITY RENEWAL

Galliford Try, the housebuilding and construction Group, is pleased to announce the successful refinancing of its existing bank facilities, well in advance of their maturity date in February 2012. 

The new revolving credit facility, for £325 million for a four year term from May 2011, is with the Group's existing relationship banks of HSBC Bank PLC, Barclays Bank plc and The Royal Bank of Scotland plc. 

Frank Nelson, Finance Director, Galliford Try plc, commented:

"We are delighted by the strong demonstration of continuing support we have received from our long established relationship banks.  The new facility provides long term financing on competitive terms, strengthening our financial position and underpinning the Group's operational and strategic objectives."

For further enquiries:

Galliford Try -                             Greg Fitzgerald, Chief Executive              01895 855001

                                                Frank Nelson, Finance Director

Tulchan Communications -          Mal Patel, Matthieu Roussellier               020 7353 4200

 

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