Revolving credit facility

RNS Number : 7710A
QinetiQ Group plc
07 February 2011
 



7 February 2011

 

 

QinetiQ signs new £275m revolving credit facility

 

QinetiQ Group plc ("QinetiQ") today announces that it has successfully completed the re-financing of its existing credit facility, which matures in August 2012, with a new five-year revolving credit facility provided by the Group's six global, relationship banks.  The new multi-currency facility, which matures in February 2016, totals £275m and will be un-drawn. 

 

Leo Quinn, Chief Executive Officer of QinetiQ said:  "The early re-financing of QinetiQ's credit facility demonstrates the improved strength of the Group's balance sheet and marks another important milestone in our self-help programme."

 

ENDS

 

 

For further information please contact:

 

Media relations:


QinetiQ press office

+44 (0) 1252 393500

Liz Morley, Maitland

+44 (0) 7798 683108

Brian Hudspith, Maitland

+44 (0) 7771 825606



Investor relations:


David Bishop, QinetiQ

+44 (0) 7920 108675

 


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The company news service from the London Stock Exchange
 
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