Extension of Revolving Credit Facility

RNS Number : 0967N

MITIE Group PLC

23 July 2014

 



23 July 2014

Mitie Group plc

Mitie Group plc - Extension of Revolving Credit Facility

Mitie Group plc ("Mitie"), the strategic outsourcing company, is pleased to announce the extension of its multi-currency revolving credit facility.  Mitie will now benefit from a committed facility of £275m, which will mature in July 2019. 

Mitie's previous revolving credit facility of £250m was due to expire in September 2015 and has been renegotiated as part of the normal course of business.

In addition to this revolving credit facility, Mitie retains its existing borrowing facilities of £251.7m of US Private Placement Loan Notes, expiring in December 2017, December 2019, December 2022 and December 2024, and £40m of uncommitted overdraft facilities.

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For further information, contact:

Erica Lockhart

Executive Affairs Director, Mitie Group plc

T: [phone]                    M: [phone]                    E: [e-mail]

Helen Greenwood

Investor and Public Relations Manager, Mitie Group plc

T: [phone]                   M:[phone]                   E: [e-mail]

Notes for editors

What is Mitie?

Mitie is a FTSE250 strategic outsourcing company.

We work with people who want to perform better - now and in the future. We help our clients to run more efficient and effective businesses by looking after their facilities, their energy needs and the people they're responsible for.

We're all about developing our people to excel every day, challenge the status quo, and inspire change in the way people live and work.

Find out more at www.mitie.com

 

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