Carillion PLC
05 September 2007
5 September 2007
Carillion plc secures new corporate borrowing facilities of £590million
Support services and construction company, Carillion plc, has completed a
refinancing of its corporate borrowing facilities, which have been increased by
£261 million from £329 million to £590 million. These facilities will support
the medium-term growth strategy of the Group.
These new facilities, launched at £500 million, were oversubscribed and secured
on attractive terms and replace the syndicated loan taken out in February 2006
to support financing of the acquisition of Mowlem plc. Syndication of the new
five-year facilities has been led by four core banks; The Royal Bank of Scotland
plc, Bank of Scotland, Bayerische Landesbank (London Branch) and Lloyds TSB Bank
plc.
Commenting, Carillion's Group Finance Director, Richard Adam, said: 'We are
pleased to have negotiated new facilities over the last few months, particularly
in the current challenging conditions of the global debt markets. This
demonstrates the banking community's strong support for, and confidence in, the
Carillion Group and we look forward to working with our core banks to build on
the strong relationships we have with them.'
For further information contact
Richard Adam, Group Finance Director tel: +44 (0)1902 422431
John Denning, Group Corporate Affairs Director tel: +44 (0)1902 316426
Notes to editors
Carillion is one of the UK's leading support services, construction and Public
Private Partnership project companies.
The Group has annual revenue of around £4bn and employs over 50,000 people.
The Group operates across the UK, in the Middle East and in Canada and the
Caribbean.
In the UK, the Group has eight principal market sectors - Defence, Education,
Health, Building, Facilities Management and Services, Roads, Rail and Civil
Engineering.
In the Middle East, the Group's two principal market sectors are Construction
and Facilities Management.
In Canada and the Caribbean, the Group's main sectors are Health, Roads
Maintenance and Construction.
The Group is a leader in Public Private Partnership projects, particularly in
the Defence, Education and Health sectors in the UK and in the Health sector in
Canada.
This and other news releases relating to the Group can be found at
www.carillionplc.com
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