Davies refinances £1.5bn debt facility to buy more businesses
Davies has agreed a £1.5bn refinance of its debt facility, slashing its interest bill, extending debt maturities, and securing extra credit to buy more businesses and develop artificial intelligence solutions.
The refinancing deal pushes debt maturities out to 2031 as well as securing a new credit line which Dan Saulter, group CEO of Davies, said would help fund investment in mergers and acquisitions
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