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Costain Group PLC - Maidenhead, England-based infrastructure construction firm - Says it has concluded its negotiations with its bank and surety facility providers to secure a one-year ‘amend and extend’ of its facilities from September 2023 to September 2024. The company’s debt facilities under the new agreement comprise an undrawn £125 million revolving credit facility, previously £131 million, and surety and bank bonding facilities of £280 million, previously £310 million. Adds that it has prepaid the full balance of £36 million of its term loan facility from its cash resources.
Current stock price: 34.80 pence
12-month change: down 37%
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