Devro renews £51m credit facility

Leading sausage casings manufacturer Devro has announced that it has successfully renewed its five-year £51m credit facility.

The credit was agreed with a syndicate of banks, including Barclays Corporate, Clydesdale Bank, HSBC and Rabobank.

Finance director Simon Webb said: “We are delighted to report this new facility. Devro is at an important time in its commercial development and the geographic spread of the syndicate of banks involved makes them well-placed to support the company as we continue to deliver on our global growth strategy.”

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