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  • Renold continue global recovery with £35m facility led by RBS CIB
  • March 24, 2012
  • Manchester-based Renold Plc, the leading international precision engineering group, has extended its financing facility with a banking consortium led by Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB) through to June 2013.

    The £35m funding package, which is also supported by Fortis, will be used by Renold to fund working capital as well as the firm’s successful international expansion strategy, and will act as a springboard to a wider refinancing when market conditions are calmer.

    Renold is a well-known and highly regarded manufacturer of a wide range of precision engineering products. The principal activities of the group are the manufacture and sale of industrial chains and related power transmission products...
  • View more at: http://www.1888pressrelease.com/renold-continue-global-recovery-with-35m-facility-led-by-rb-pr-384456.html