Marlowe PLC Completion of Refinancing (9926F)
November 20 2020 - 2:00AM
UK Regulatory
TIDMMRL
RNS Number : 9926F
Marlowe PLC
20 November 2020
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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END
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