New debt facilities

RNS Number : 9815P

Marlowe PLC

24 November 2016

 

24 November 2016

Marlowe plc

New debt facilities  

Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, is pleased to announce that it has increased its current £7.5 million debt facility with Lloyds Bank by an additional £5 million to £12.5 million. The new facilities comprise an additional £3.5 million of term loan and an additional £1.5 million Revolving Credit Facility.

The increased debt facility will provide further resources to support the Company's acquisition-led growth strategy.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
		[e-mail]
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells, Elizabeth Bowman	Tel: [phone]
FTI Consulting
Nick Hasell	Tel: [phone]
Alex Le May

About Marlowe plc

Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical asset maintenance services in the UK.  It is focused on fire protection, security systems and water treatment services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

 

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