Credit facility
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01 May 2008
Ashtead group has signed a five-year 360 million (€ 530 million) revolving credit facility with Lloyds TSB Commercial finance. The company, which comprises the A-Plant equipment rental chain in the UK and Sunbelt rentals in the US, will use the credit line to invest in its business. Any loans made will be secured against the receivables and assets.
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In the face of rising costs, tighter margins and labor shortages, there has never been a greater need to make the best use of every hour on site