Business
Completion of Refinancing
Completion of Refinancing.
About this update from Zigup Plc
[{"type":"text","content":"\n \nRNS Number : 5086J Northgate PLC 13 June 2014 \n \n\n13 June 2014\n \nNORTHGATE PLC\n \nCOMPLETION OF REFINANCING\n \nNorthgate plc (\"Northgate\", the \"Company\" or the \"Group\") today announces that it has completed a refinancing exercise. The refinancing increases and extends the current committed multi bank facility, whilst also improving pricing. \n \nKey highlights\n \n· £113m increase in multi bank facility to £534m; and\n· Maturity extended by one year to 30 June 2018.\n \nChris Muir, Group Finance Director of Northgate plc, commented: \n \n\"The amended facility reflects the improved strength of the business and provides the Group with further operational and financial flexibility to maximise opportunities for growth where the appropriate return exists.\"\n \nThe Group will be announcing its preliminary results for the year ending 30 April 2014 on 25 June 2014.\n \nFor further information, please contact:\n \nNorthgate plc 01325 467558\nBob Contreras, Chief Executive\nChris Muir, Group Finance Director\n \nMHP Communications 020 3128 8753 \nAndrew Jaques \nBarnaby Fry &nb...