Hargreaves seals refinancing

Energy company Hargreaves Services has re-financed its core UK banking facilities and increased them from £115m to £175m. The firm’s facilities are made up of a £125m revolving credit facility and a £50m invoice finance facility. The deal to extend the debt to 2015 has been done with a five bank syndicate that includes RBS, HSBC, Lloyds, Santander and Barclays.