Investor Relations

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Debt Investors

Summary

As at 30 September 2011, the Invensys Group had net cash of £159 million.

Credit Facility

Invensys plc announced on 30 March 2012 that it had signed two 5-year multi-currency bank facilities totalling £600 million, comprising a £350 million bonding and guarantee facility and a £250 million revolving credit facility.
The main features of the facility are as follows:

  • The Joint Bookrunners and Joint Mandated Lead Arrangers were Bank of America Merrill Lynch, Barclays, HSBC, J.P.Morgan Cazenove, Lloyds and RBS. Lloyds and RBS also acted as Joint Coordinators.
  • Borrowers are Invensys plc and certain subsidiaries.
  • It contains customary covenants in relation to financial ratios.
  • Acquisitions and disposals require lender consent above certain specified levels
  • Interest is charged at LIBOR plus 1.25% for the first twelve months, and then at a rate based on balance sheet leverage.

Credit Ratings

  Moody's Standard & Poor's
Rating Ba1 BBB-
Outlook POSITIVE NEGATIVE
Last change 01/07/2009 20/01/2012

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