AZ Electronic Materials completes refinancing
AZ Electronic Materials was performing well on Friday afternoon after announcing the completion of refinancing.
AZ Electronic Materials was performing well on Friday afternoon after announcing the completion of refinancing.
The company, which specialises chemicals and materials used in circuits, devices, flat panel displays, LEDs and photolithographic printing, has gained nearly 58% so far in 2012 and was trading at 379p before the close of trade.
The company said today that it has concluded the refinancing of its debt facilities and established new 4.5-year facilities of $500m with its banks.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AZ said: "Based on the current drawing, the average cost of debt in the current and following financial years is anticipated to be around the same levels as the previous arrangements."
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Are you one of 15 million people at risk of retirement poverty?
Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?
As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you