09.09.2008

Lavendon raises new credit line

Lavendon, the world’s largest specialist aerial lift rental company has secured a new £180 million banking facility with a maturing in 2013. The company says that the new debt facility will replace its existing facility which is due to expire in September next year.

It adds that the new credit line has a pricing structure broadly in line with the earlier loan. The new facility comprises a five year €100 million amortising term loan and a €100 million revolving multi-currency facility.