- Morgan Advanced Materials said it had entered into a new £200m banking financing agreement, replacing an existing facility due to mature in October 2019.

The new syndicated revolving credit facility had a maturity of five years to September 2023, with two additional one-year extension options at the banks' discretion.

Terms were 'substantially equivalent' to the existing facility, the company said.

At 9:56am: [LON:MGAM] Morgan Advanced Materials share price was +1.6p at 334.2p

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