CHG Chemring Group Plc

 
TIDMCHG 
 
FOR IMMEDIATE RELEASE 14 JANUARY 2011 
 
                              CHEMRING GROUP PLC 
 
                              NEW BANK FACILITIES 
 
Chemring Group PLC ("Chemring" or "the Group") announces that it has signed a 
new GBP230 million unsecured bank facility, provided by a syndicate of five 
lending banks, which matures in April 2015. 
 
This new facility will be used to refinance the Group's existing GBP148 million 
secured bank facilities and a EUR31 million secured bonding line at Mecar SA, 
Chemring's recently acquired subsidiary in Belgium. In addition, the Group's 
existing US loan notes remain in place, but also now on an unsecured basis. 
 
Paul Rayner, Finance Director of Chemring, said: 
 
"The unsecured nature of the new bank facility reflects the strength of the 
Group's credit profile. The facility increases the financial resources 
available to the Group over the next four years by approximately GBP55 million, 
and provides us with greater flexibility as we continue to pursue our growth 
strategy." 
 
As previously notified, the Group's Preliminary Results for the year ended 31 
October 2010 will be released on Tuesday 18 January 2011. 
 
For further information: 
 
Paul Rayner Finance Director, Chemring Group PLC 01489 881880 
 
Rupert Pittman Cardew Group 0207 930 0777 
 
 
 
END 
 

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