Completion of Refinancing
20 November 2020
Marlowe plc
Completion of Refinancing
Marlowe plc ("Marlowe" or the "Group"), the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that has signed a new, enlarged revolving credit facility with HSBC UK Bank PLC and National Westminster Bank PLC.
The new facility replaces the Group's existing £45 million facility and comprises a three-year, £70 million revolving credit facility and an additional accordion facility of £20 million.
The enlarged debt facility will provide further resources to support the Group's ongoing targeted acquisition strategy.
The Group will publish its Half Year results for the period ended 30 September 2020 on 3 December 2020.
For further information:
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Marlowe plc |
www.marloweplc.com |
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Alex Dacre, Chief Executive |
Tel: +44 (0) 203 813 8498 |
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Mark Adams, Group Finance Director |
IR@marloweplc.com |
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Cenkos Securities plc (Nominated Adviser and Joint Broker) |
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Nicholas Wells |
Tel: +44 (0)20 7397 8900 |
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Ben Jeynes |
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Harry Hargreaves |
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Berenberg (Joint Broker) |
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Ben Wright |
Tel: +44 (0)20 3207 7800 |
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Mark Whitmore |
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FTI Consulting |
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Nick Hasell |
Tel: +44 (0)20 3727 1340 |
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Alex Le May |
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About Marlowe plc
Marlowe is a UK leader in specialist services which assure safety and regulatory compliance, whilst managing risk for businesses across the country. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
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