Intertek Group PLC
16 December 2004
16 December 2004, 7am
Intertek Group plc ('Intertek')
New Credit Facility
Intertek is pleased to announce that it has arranged a new £300m credit facility
with its banks. The new facility replaces the previous credit arrangements of
the same amount put in place at the time of Intertek's flotation on the London
Stock Exchange in 2002. The new facility has a maturity of five years, which can
be extended to seven years with the banks' agreement. The terms of the new
facility are better than the previous arrangements, reflecting Intertek's
stronger credit rating and market conditions.
The facility was self arranged and the Mandated Lead Arrangers were The Royal
Bank of Scotland plc, Fortis Bank SA/NV, Lloyds TSB Bank plc, KBC Bank NV, Banc
of America Securities Ltd and Commerzbank AG. Also included within the syndicate
are The Bank of Ireland, Sumitomo Mitsui Banking Corporation Europe Ltd,
Wachovia Bank NA, Credit Industriel et Commercial, Allied Irish Banks p.l.c. and
Danske Bank A/S with The Royal Bank of Scotland plc as Agent.
For further information, please contact:
Aston Swift, Treasurer and Investor Relations
Telephone: +44 (0) 20 7396 3400 aston.swift@intertek.com
Corporate website: www.intertek.com
About Intertek
Intertek is a leading international testing, inspection and certification
organisation which assesses customers' products and commodities against a wide
range of safety, regulatory, quality and performance standards and in some
cases, certifies the management systems of customers. Intertek has over 280
laboratories with approximately 13,000 people around the world and is
increasingly undertaking outsourced testing work for its customers.
This information is provided by RNS
The company news service from the London Stock Exchange
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