SIG in £130m refinancing
BUILDING materials supplier SIG has refinanced £130m in private placement notes due to mature in November 2016.
The Sheffield headquartered company said the refinancing has been achieved through issuing £83m new private placement notes with a ten-year maturity and by increasing its revolving credit facility by £100m to £350m with a five-year maturity.
As a result, SIG’s total debt facilities have increased by £53m to £531m.
The facilities, which the company said have been agreed on “attractive terms”, will provide more funding headroom and liquidity to the company to support its medium-term plans, it said.
