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Scapa Group in discussions for £20 million uncommitted accordion
By Sarah Lizee
Olympia, Wash., March 27 – Scapa Group plc said it is in discussions with its lenders to use a £20 million uncommitted accordion facility.
Current headroom under the existing facility combined with the accordion is expected to provide the group with combined circa £40 million liquidity.
The company said it began the discussions based on the considerable uncertainty facing all companies.
Ashton-under-Lyne, U.K.-based Scapa is a diversified health care and industrial group.
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