INEOS Group has today announced that it has successfully extended the maturity of its €1.2 billion Receivables Securitisation Facility to December 31, 2014.
The Receivables Securitisation Facility is a multi currency asset backed facility which uses the trade receivables of the group as security. The facility is one of the key financing instruments for the Group and enables it to fund any fluctuations in working capital requirements. The facility is backed by Barclays, Citi, HSBC and Lloyds.
ENDS