StockMarketWire.com - Specialist services provider Premier Technical Services Group said it had secured £50m of new banking facilities with HSBC.

The loan included £40m of revolving credit facilities and term loans, together with a £10m accordion.

The facilities were for four-years, expiring in March 2023, with an option to extend by a further year to March 2024.

They replaced the group's existing £12.0m loan, which was due to expire in September 2020, £13.0m on demand loan and £10.0m overdraft facility.

Both new facilities were provided with the same covenant tests but improved interest margins as under the previous facilities.


At 9:44am: [LON:PTSG] Premier Technical Services Group Plc share price was 0p at 122.5p



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