Invensys signs new bank facilities
Engineering and software group Invensys has signed two new five-year multi-currency bank facilities.
Engineering and software group Invensys has signed two new five-year multi-currency bank facilities.
The facilities total £600m, comprising a £350m bonding and guarantee facility and a £250m revolving credit facility.
These replace the £400m facility due to expire in July 2013. The interest margin and covenants are in line with the previous facility.
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
The share price had risen 2.53% to 198.80p by 15:42.
NR
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.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published