Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Low & Bonar Gets 130 Million-Euro Credit Line to Refinance Debt

Don't Miss Out —
Follow us on:

Dec. 22 (Bloomberg) -- Low & Bonar Plc, the U.K. industrial-fabric maker, got a 130 million-euro ($171 million) credit line to refinance an existing facility, according to the banks arranging the financing.

The revolving credit maturing in February 2015 will pay an initial interest margin of 190 basis points more than benchmark lending rates, plus a commitment fee equivalent to 40 percent of the margin, the lenders said in a statement today. A basis point is 0.01 percentage point.

Barclays Capital, ING Groep NV, KBC Bank NV, and Royal Bank of Scotland Group Plc arranged the facility that will refinance the London-based company’s 175 million-pound ($271 million) revolving credit signed in July 2006, according to the statement.

To contact the reporter on this story: Patricia Kuo in London at

To contact the editor responsible for this story: Faris Khan at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.