SSE Announced New GBP 1.3bn Revolving Credit Facility
OREANDA-NEWS. SSE plc (“SSE”) entered into a new GBP 1.3bn Revolving Credit Facility provided by a group of ten banks on 16 July 2013. This facility - which was a self arranged deal - will run until July 2018 and replaces an existing GBP 900m committed facility that had been due to mature in August 2015.
SSE's Finance Director, Gregor Alexander, commented: “I am pleased that we have been able to successfully refinance and indeed upsize our key corporate liquidity facility to a level appropriate to support the growth of SSE over the next 5 years and particularly pleased to have the continued support from our existing strong banking group.”
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