Capita extends revolving credit facility to end of 2026

(Sharecast News) - Capita announced on Monday that it has extended the maturity of its revolving credit facility out to 31 December 2026. The company said that made for a 28-month extension of the maturity date from the original expiry of 31 August 2024.

It said the available facility was for £284m, reducing to £250m by 1 January 2025.

The facility was arranged by seven lenders comprising two new banking partners in the lending syndicate, Standard Chartered Bank and Bank of China's London branch.

It said the five existing lenders included Barclays Bank, Lloyds, NatWest, Citibank's London branch, and ING Bank's London branch.

"The original terms of the facility are substantially unchanged," Capita's board said in its statement.

At 0800 BST, shares in Capita were up 1.66% at 27.9p.

Reporting by Josh White for Sharecast.com.