Business
Revised Banking Facility
Revised Banking Facility.
About this update from Stv Group Plc
[{"type":"text","content":"\n SMG PLC\n10 April 2007\n\n\nAnnouncement of Revised Banking Facility\n\nSMG plc ('SMG') announces that it has finalised negotiations on an amended\nbanking facility of £193m with its syndicate of lenders, led by Royal Bank of\nScotland.\n\nThe new arrangements represent an amendment of SMG's existing facility,\nincluding revised covenants, and an increase in interest margin of 0.75%. The\nfacility lasts until 30 September, 2008. The amended facility waives the\ncovenant test that had been in place at 31 December, 2006.\n\n\nFurther enquiries:\n\nJames Hogan/Ash Spiegelberg\nBrunswick\n020 7404 5959\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":783,"tagName":"div"}]