Banking Facilities – Renewal to 2027
Inspecs refinances banking facilities with HSBC, extending maturity to 2027 with accordion option.
- Multicurrency Revolving Credit Facility €38m
- Term Loan €12m
- Maturity 2027
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Inspecs Group plc, a leading designer, manufacturer and distributor of eyewear (sunglasses, optical frames, lenses and low vision products) is pleased to announce that it has successfully refinanced its existing banking arrangements with HSBC UK Bank plc, extending their maturity to 2027.
The debt facilities consist of a three-year Multicurrency Revolving Credit Facility of 38m Euro and a 12m Euro Term Loan, together with an accordion option to extend the facility if the Group chooses to. The new facilities will provide the Group with increased financial flexibility for the next three years with an option to extend for two further years subject to bank consent.
Chris Kay, Chief Financial Officer of Inspecs Group plc, commented:
"We are very pleased to have refinanced and extended our banking facilities and would like to thank HSBC UK Bank plc for its continued support."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.