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Capita PLC - London-based process outsourcing and professional services company - Extends the maturity of its revolving credit facility by just over two years to December 31, 2026 from August 31, 2024. The available facility is for £284 million, reducing to £250 million by January 1, 2025. The facility was arranged by seven lenders. These comprised two new banking partners, Standard Chartered PLC and the London branch of Bank of China Ltd, plus five existing lenders, including Barclays Bank PLC and Lloyds Banking Group PLC. The original terms of the RCF are ‘substantially unchanged.’ Barclays acted as the coordinator for the arrangement. Current stock price: 28.26 pence, up 3.0% on Monday in London 12-month change: up 13% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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