Revolving Credit Facility

RNS Number : 4509Y

Oxford Instruments PLC

22 December 2010

 



Release Date: Wednesday 22^nd December 2010

Oxford Instruments agrees Revolving Credit Facility of £50m

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, today announces that it has agreed a committed Revolving Credit Facility (RCF) with a club of three banks.  The new facility, which will last for four years, is for £50 million and is extendable to £70 million by mutual consent.  This facility replaces the existing RCF which was put in place in July 2007.

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Enquiries:

Oxford Instruments plc                                           Tel: [phone]

Jonathan Flint, Chief Executive

Kevin Boyd, Group Finance Director

MHP Communications                                             Tel: [phone]

Rachel Hirst / Ian Payne

 

Notes to Editors

Oxford Instruments aims to pursue responsible development and deeper understanding of our world through science and technology.  We provide high technology tools and systems for industrial and research markets, based on our ability to analyse and manipulate matter at the smallest scale.Innovation has been the driving force behind Oxford Instruments' growth and success for over 50 years, and its strategy is to effect the successful commercialisation of these ideas by bringing them to market in a timely and customer-focused fashion.

The first technology business to be spun out from Oxford University over fifty years ago, Oxford Instruments is now a global company with over 1,500 staff worldwide and a listing on the London Stock Exchange (OXIG). 

Our objective is to be a leading supplier of next generation tools and systems for research and industry.  This involves the combination of core technologies in areas such as low temperature and high magnetic field environments, Nuclear Magnetic Resonance, X-ray electron and optical based metrology, and advanced growth, deposition and etching. Our products, expertise, and ideas address global issues such as energy, environment, and health and are part of the next generation of telecommunications, energy products, environmental measures, security devices, drug discovery and medical advances.

 

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