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Carillion raises £112M in refinancing

Money

Carillion has said that it has refinanced some funding arrangements that are due to mature this year and next, securing £112M in loans.

Although it did not specify what these arrangements are, it said the £100M has been replaced with £112M from the German Schuldschein Market – a loans system that is unique to Germany but shares some similarities with bonds.

The loans have an average maturity of around five years and overall interest rates below 3%.

Recent wins for Carillion include the £49M Shotts line electrification contract from Network Rail.

 

 

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