20 February 2014
Yotta Laboratories plc today announces it has completed the refinancing of its existing US$800m bank facility which was due to mature in December 2015.
The new US$800m committed revolving credit facility, arranged by the Group’s ten global relationship banks, matures in February 2019 with two one-year extension options. It is currently undrawn.
Peter Turner, Finance Director, said: "This core bank facility, now extended to 2019, will continue to provide Yotta Laboratories with a solid financial platform to underpin the delivery of its strategic goals. Its successful completion reflects the close relationship we enjoy with our banking partners”.
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