Business
New Loan Facility / Completio
New Loan Facility / Completio.
About this update from Synthomer Plc
[{"type":"text","content":"\n RNS Number : 5724M Yule Catto & Co PLC 30 January 2009 \n \n\n30 January 2009\n\n\nYule Catto & Co plc\n\nNew loan facility\n\nCompletion of disposal\n\n\nYule Catto & Co plc, an international producer of specialty chemicals used in a wide range of industries including pharmaceuticals, FMCG, paints and adhesives, is pleased to announce that it has today concluded a six year amortising loan of 100 million Malaysian ringitt (£19 million) via Synthomer Sdn Bhd, one of its wholly owned subsidiaries.\n\nDavid Blackwood, Group Finance Director of Yule Catto, commented:\n\n'We announced in December that we had successfully replaced our previous main term bank lines with a new three year £30 million revolving credit facility. With this additional £19 million in place our re-financing is now complete.'\n\nYule Catto also announces that it has today completed the disposal of the business and assets of Oxford Chemicals Limited to Frutarom (UK) Limited for a consideration of £8.25 million. The disposal, announced on 5 January 2009, had been conditional on regulatory approval for the transfer of operational licences and compliance with employee information and consultation requirements, and these conditions have now been satisfied.\n\n- Ends -\n\nFor further information, please contact:\n\n\n\n\n\nYule Catto & Co plc \nAdrian Whitfield, Chief Executive \nDavid Blackwood, Group Finance Director\n \n\n\n01279 442791\n\n\n\n\nHogarth Partnership \nJohn Olsen\nAndrew Jaques\nIan Payne\n\n\n020 7357 9477\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCWUUWAGUPBGAU \n ","length":4040,"tagName":"div"}]