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Marlowe announces expanded credit facility worth £70m
StockMarketWire.com
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Safety and compliance specialist Marlowe has agreed an expanded credit facility with its banks, it announced today.
The agreement with HSBC and NatWest introduced a £70 million revolving credit facility, Marlowe said. This replaced a previous £45 million facility.
In addition, the company has agreed a £20 million 'accordion facility'.
The enlarged debt facility would provide further resources to support its ongoing targeted acquisition strategy, Marlowe said.
At 9:01am: (LON:MRL) Marlowe PLC share price was 0p at 535p
Story provided by StockMarketWire.com
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