Electra Private Equity has refinanced its existing multi-currency revolving credit facility, Financial News reports. The London-based private equity firm has increased the size of the loan to £195 million from £185 million.
The investment management trust specialist has also extended the due date of the loan from January 2013 to June 2016. The five-year term loan has been obtained from Lloyds TSB Bank, Royal Bank of Scotland and Barclays.
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