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Capita extends revolver by 28 months; availability to reduce by 2025
By Marisa Wong
Los Angeles, July 3 – Capita plc announced it extended the maturity date of its revolving credit facility to Dec. 31, 2026.
This is a 28-month extension from the original expiry of Aug. 31, 2024, according to a news release.
The available facility is for £284 million, reducing to £250 million by Jan. 1, 2025.
The original terms of the facility are substantially unchanged, the company noted.
The revolver was arranged by seven lenders comprising two new banking partners in the lending syndicate – Standard Chartered Bank and Bank of China Ltd, London Branch – and the five existing lenders, Barclays Bank plc, Lloyds Bank plc, National Westminster Bank plc, Citibank, NA, London Branch and ING Bank NV, London Branch.
Barclays Bank acted as coordinator for the transaction.
Capita is a London-based provider of business process services.
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