Revolving Credit Facility

RNS Number : 7099J

SSE PLC

19 July 2013

 



New £1.3bn Revolving Credit Facility

SSE plc ("SSE") entered into a new £1.3bn Revolving Credit Facility provided by a group of ten banks on 16 July 2013. This facility - which was a self arranged deal - will run until July 2018 and replaces an existing £900m committed facility that had been due to mature in August 2015.

SSE's Finance Director, Gregor Alexander, commented "I am pleased that we have been able to successfully refinance and indeed upsize our key corporate liquidity facility to a level appropriate to support the growth of SSE over the next 5 years and particularly pleased to have the continued support from our existing strong banking group."

 

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