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Keep up to dateHousebuilder signs 拢50m extension to 拢125m revolving credit facility
Bovis Homes has signed a further 拢50m funding commitment to 鈥渢ake advantage鈥� of opportunities in the housebuilding market.
The housebuilder has signed a 拢50m extension to the 拢125 million committed revolving credit facility agreed in January 2013, taking the facility to 拢175m in total.
The 拢50m extension, with the existing syndicate banks, expires in December 2015 with the remaining 拢125m expiring in March 2017.
Housebuilder expects increase in sales of around 30% in 2014
Bovis Homes has posted bumper results, with revenue up by a third and profit up by nearly 50%
Firm says it expects operating margin to hit 15% as completions rise
Pair put pen to paper after beginning discussions in summer
65 Gresham Street plan includes outdoor workspace on every floor
Scheme is most significant revamp of grade A-listed building since it opened in 1983
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