REG - Carclo plc - Banking covenant adjustment

CarcloAnnouncement

23/06/2023 07:00

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RNS Number : 6626D  Carclo plc  23 June 2023

23 June 2023

 

Carclo plc

 

("Carclo" or the "Group")

 

 

Banking Covenant Adjustment

 

 

Carclo is pleased to announce that, following constructive discussions, it has
reached agreement with its lending bank to amend the interest cover and net
leverage covenants for the testing periods from June 2023 through to the
maturity of the current facility in June 2025. This agreement remains subject
to legal formalities which are expected to be concluded over the coming weeks.

 

Enquiries:

Carclo plc                             01924
268040

Frank Doorenbosch - Chief Executive Officer

David Bedford - Chief Financial Officer

 

LEI: 21380078MEM399JPI956

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR").

 

 

 

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of
the London Stock Exchange. The Group  is a preferred and trusted partner of
global customers, offering high-precision critical components that meet the
needs of life sciences, aerospace, optics, and technology industries.

 

 

 

 

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