Invensys plc signs new £600m bank facilities

RNS Number : 4527A
  
Invensys PLC
  
30 March 2012
  
 
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30 March 2012
Invensys plc signs new £600 million bank facilities
 
Invensys plc announces that it has signed two new 5-year multi-currency bank facilities totalling £600 million, comprising a £350 million bonding and guarantee facility and a £250 million revolving credit facility. These replace the £400 million facility due to expire in July 2013. The interest margin and covenants are in line with the previous facility.
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
David Thomas, Chief Financial Officer of Invensys plc, commented:
"We are delighted by the support that we have received from our banks. These new facilities provide the funding and guarantee capacity to both underpin the Group's financial position and support our project businesses."
Contact:
Invensys plc                    Steve Devany                    tel: +44 (0) 20 3155 1301
                                                
FTI Consulting                    Andrew Lorenz
                                       Richard Mountain                tel: +44 (0) 20 7269 7291


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