ENERGY Assets has targeted further acquisitions after securing a £5 million revolving credit facility with Santander.
The Livingston-based gas metering specialist said the package means that, allied to its existing deals with Lombard North Central and Bank of Scotland, the group has facilities and cash in the bank totalling £44m.
Drawdowns will be available from Santander at any time over a three-year term, the firm said. Chief executive Phil Bellamy-Lee said the Santander facility puts Energy Assets in a stronger position to grow and make acquisitions.
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