Marlowe PLC Completion of Refinancing (9926F)

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RNS Number : 9926F

Marlowe PLC

20 November 2020

Marlowe plc

Completion of Refinancing

Marlowe plc ("Marlowe" or the "Group"), the specialist services group focused on developing companies which assure safety and regulatory compliance, announces that has signed a new, enlarged revolving credit facility with HSBC UK Bank PLC and National Westminster Bank PLC.

The new facility replaces the Group's existing GBP45 million facility and comprises a three-year, GBP70 million revolving credit facility and an additional accordion facility of GBP20 million.

The enlarged debt facility will provide further resources to support the Group's ongoing targeted acquisition strategy.

The Group will publish its Half Year results for the period ended 30 September 2020 on 3 December 2020.

For further information:

 
Marlowe plc                                    www.marloweplc.com 
Alex Dacre, Chief Executive             Tel: +44 (0) 203 813 8498 
Mark Adams, Group Finance Director              IR@marloweplc.com 
 
Cenkos Securities plc (Nominated Adviser 
 and Joint Broker) 
Nicholas Wells                              Tel: +44 (0)20 7397 8900 
Ben Jeynes 
Harry Hargreaves 
 
Berenberg (Joint Broker) 
Ben Wright                                       Tel: +44 (0)20 3207 
                                                  7800 
Mark Whitmore 
 
FTI Consulting 
Nick Hasell                                      Tel: +44 (0)20 3727 
                                                  1340 
Alex Le May

About Marlowe plc

Marlowe is a UK leader in specialist services which assure safety and regulatory compliance, whilst managing risk for businesses across the country. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

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