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SURVITEC RECEIVES FUNDING FOR EXPANSION

SURVITEC RECEIVES FUNDING FOR EXPANSION

Monday, June 28, 2021 

Global survival and safety solutions leader Survitec announced today that it has completed a £15 million Bank Guarantee Facility with Barclays Corporate Banking, the bank guarantee complementing the companyís recently announced £270 million refinancing as well as a new £27.5 million Super Senior Revolving Capital Facility, all three of which are part of Survitecís growth plans for its survival technology products and services.

Ray Leclercq, Survitec CFO said: “The bank guarantee from Barclays is another key component of our strategic plan. This deal aligns with our customer growth plans and our unique ability to serve our customers globally with a one-stop shop for their survival and safety needs. Partnering with a global and well recognised financial services leader such as Barclays helps us strengthen our global customer offerings.”

Graeme MacLaughlin, Relationship Director, Barclays Corporate Banking, said: “Barclays is pleased to be working with Global Survival Technology leader, Survitec and to support them in their continued growth in technology products and services for customers around the world.”

Survitec recently announced the acquisition of Hansen Protection, a leading European provider of protective wear for the energy, defence and agriculture sectors. Hansen Protection joined forces with Survitec in May 2021, adding its product portfolio and customer base to Survitec’s leadership position.

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