Barclays Corporate has renewed the £50 million (approx. 56 million) Revolving Credit Facility (RCF) provided to Savills plc, which is to be used for general corporate purposes.
The new facility matures on March 31, 2014, replacing the existing facility which was due to expire on October 14, 2011.
Savills plc is a global real estate services provider, containing an international network of more than 200 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East. Listed on the London Stock Exchange, Savills offers its global client base a broad range of specialist advisory, management and transactional services.
Andrea Delay, Relationship Director at Barclays Corporate said; "We have enjoyed a long-standing relationship with Savills for the past 20 years which has enabled us to form a deep understanding of the business and offer a flexible financial solution to meet their requirements.
"We look forward to further supporting Savills with their funding needs as they continue to grow."
Source: Barclays Corporate