This morning, Smart Metering Systems (SMS) reported that it has signed a new revolving credit facility with a syndicate of existing and new banks enabling the drawing of up to £420m over the next five years. This facility replaces the existing £280m facility. SMS also confirmed that trading for the year to December 2018 is in line with expectations. The core strategy remains to build the meter asset portfolio and by the end of August 2018, ARR had reached £71.4m (vs our £75m forecast for FY18). ....
21 Dec 2018
Cenkos: Smart Metering Systems Plc - New debt facility & trading update
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Cenkos: Smart Metering Systems Plc - New debt facility & trading update
Smart Metering Systems PLC (SMS:LON) | 952 9.5 0.1% | Mkt Cap: 1,273m
- Published:
21 Dec 2018 -
Author:
Ian McInally -
Pages:
10
This morning, Smart Metering Systems (SMS) reported that it has signed a new revolving credit facility with a syndicate of existing and new banks enabling the drawing of up to £420m over the next five years. This facility replaces the existing £280m facility. SMS also confirmed that trading for the year to December 2018 is in line with expectations. The core strategy remains to build the meter asset portfolio and by the end of August 2018, ARR had reached £71.4m (vs our £75m forecast for FY18). ....