Michelmersh Brick Completes Refinancing Of Loans, Overdraft
July 20 2009 - 3:48AM
Dow Jones News
Brick, land development and landfill company Michelmersh Brick
Holdings PLC (MBH.LN) Monday said it has successfully completed the
refinancing of all of its term loans and overdraft facilities.
The firm said its existing Bridging Loan and Revolving Loan
facilities with Barclays PLC (BARC.LN) have been extended with
repayment now due on June 1 June 2011.
Michelmersh said it has also received further funding from
Venture Structured Finance, part of ABN Amro BV.
Venture has provided asset based lending facilities on highly
favorable terms to Michelmersh, secured on its revolving assets,
the company said. Further details weren't provided.
Company Web site: www.michelmersh.com
-By Hannah Benjamin, Dow Jones Newswires; 44-20-7842-9298;
hannah.benjamin@dowjones.com