Road maintenance and consulting company, Mouchel, has secured a £170 million loan to refinance debt, Reuters reports. Barclays, Lloyds Banking Group and Royal Bank of Scotland will provide the new credit facilities until March 2014.

Mouchel has received a £172 million takeover offer from engineering and construction group, Costain. Balfour Beatty, Capita and Carillion may also offer to buy Mouchel.

Click here for the story from Reuters.

Click here for the additional coverage from The Telegraph.