Brit Insurance in £150m revolving credit facility deal with RBS
Brit Insurance Holdings PLC, the major UK-domiciled general insurance and reinsurance group, has agreed a five-year syndicated £150million Revolving Credit Facility (RCF) led by The Royal Bank of Scotland ("RBS") to help grow its business operations.
Matthew Scales, Group Finance Director at Brit Insurance Holdings, said: "This agreement shows that even in more difficult credit markets there can be good support for quality credit. Although the
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