GCP Infra signs new revolving credit facility
(Sharecast News) - GCP Infra (GCP) has agreed a new revolving credit facility and cut its total commitment by £40m to £150m.
The three-year RCF has been agreed with four lenders, Lloyds Bank, Mizuho Bank, Allied Irish Bank and Clydesdale Bank (trading as Virgin Money).
As part of the refinance, the company repaid £10m of the RCF, reducing the drawn balance to £96m after accounting for accrued interest and refinance costs. Its net debt position is currently £72m.
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