Supplier of survival and safety solutions to the cruise industry, Survitec has completed a £15 mill Bank Guarantee Facility with Barclays Corporate Banking.
This bank guarantee complements the company’s recently announced £270 mill refinancing package, as well as a new £27.5 mill Super Senior Revolving Capital Facility.
Ray Leclercq, Survitec’s CFO, said: “The bank guarantee from Barclays is another key component of our strategic plan. This deal aligns with our customer growth plans and our unique ability to serve our customers globally with a one-stop shop for their survival and safety needs. Partnering with a global and well recognised financial services leader such as Barclays helps us strengthen our global customer offerings.”