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	[phone]
Liz Morley, Maitland	[phone]
Brian Hudspith, Maitland	[phone]
Investor relations:
David Bishop, QinetiQ	[phone]

 

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