Four-year credit facility is operational this month

Galliford Try has completed a four-year refinancing of its 拢325m debt facility, it revealed in a trading update this morning.

The new revolving credit facility is operational this month and replaces one that was due to mature in February next year.

The deal was arranged via its existing creditors HSBC, Barclays and RBS.

Finance director Frank Nelson said: 鈥淲e are delighted by the strong demonstration of continuing support we have received from our long established relationship with banks. 

鈥淭he new facility provides long-term financing on competitive terms, strengthening our financial position and underpinning the group鈥檚 operational and strategic objectives.鈥�

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