SSE secures £1.3bn credit facility

 
Suzie Neuwirth

‘BIG SIX’ energy supplier SSE today said that it has entered into a new £1.3bn revolving credit facility to support the company’s growth.

The debt matures in July 2018 and replaces a £900m facility that was due in August 2015.

A group of ten banks arranged the facility, the names of which were not disclosed.

“I am pleased that we have been able to successfully refinance and indeed upsize our key corporate liquidity facility to a level appropriate to support the growth of SSE over the next 5 years and particularly pleased to have the continued support from our existing strong banking group,” said finance director Gregor Alexander.