Share Name Share Symbol Market Type Share ISIN Share Description
Morgan Advanced Materials LSE:MGAM London Ordinary Share GB0006027295 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.80p +0.66% 274.40p 272.40p 272.60p 278.40p 270.60p 273.80p 9,469,845 11:32:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 1,021.5 135.8 37.8 7.3 783.06

Morgan Advanced Materials PLC Completion of Bank Refinancing

28/09/2018 8:17am

UK Regulatory (RNS & others)


Morgan Advanced Materials (LSE:MGAM)
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2 Months : From Sep 2018 to Nov 2018

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RNS Number : 3070C

Morgan Advanced Materials PLC

28 September 2018

Morgan Advanced Materials PLC

28 September 2018

Morgan Advanced Materials plc announces the completion of bank refinancing

Morgan Advanced Materials plc announces that it has entered into a new banking financing agreement, which replaces its existing facility, which was due to mature in October 2019.

The new GBP200million syndicated revolving credit facility has a maturity of five years to September 2023, with two additional one year extension options at the banks' discretion, and has been secured on terms substantially equivalent to the existing facility.

This refinancing further extends the maturity of the group's outstanding indebtedness.

For further enquiries:

 
                 Morgan Advanced Materials 
 Pete Raby        plc                         01753 837 000 
 Peter Turner 
 
 
   Alison Kay    Brunswick                      0207 404 5959 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

September 28, 2018 03:17 ET (07:17 GMT)

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