Vitec revises covenants of £165 million revolver to boost flexibility

By Wendy Van Sickle

Columbus, Ohio, May 4 – Vitec Group plc revised the covenants under its £165 million revolving credit facility for 2020 to provide for greater short-term flexibility, according to a news release.

The company said it received unanimous support from its banking group.

Vitec said it is also eligible to issue paper under the Covid Corporate Financing Facility scheme and plans to issue an initial £30 million of commercial paper.

Based in London, Vitec manufactures and supplies camera mounting, lighting support and ancillary equipment and camera systems.

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