Survitec Completes £270 Million Refinancing In Private Debt Market
Global safety solutions leader Survitec announced today that it has completed a £270 million refinancing with funds managed or advised by the Credit Group of Ares Management Corporation (“Ares”), a leading global alternative investment manager.
Ray Leclercq, Survitec’s Chief Financial Officer said, “Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business. This marks a key milestone for Survitec’s customers, employees, shareholders and other partners. We completed this financing with an industry leader such as Ares based on the strength of our underlying business, meeting our current performance targets with year-over-year improvement in profitability as well as our growth plans for the coming years.”