QinetiQ Group plc ("QinetiQ") today announces that it has successfully completed the re-financing of its existing credit facility, which matures in August 2012, with a new five-year revolving credit facility provided by the Group's six global, relationship banks. The new multi-currency facility, which matures in February 2016, totals £275m and will be un-drawn.
Leo Quinn, Chief Executive Officer of QinetiQ said: "The early re-financing of QinetiQ's credit facility demonstrates the improved strength of the Group's balance sheet and marks another important milestone in our self-help programme."
For further information please contact:
QinetiQ press office +44 (0) 1252 393500
Liz Morley, Maitland +44 (0) 7798 683108
Brian Hudspith, Maitland +44 (0) 7771 825606
David Bishop, QinetiQ +44 (0) 7920 108675