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