SPARK Advisory Partners Limited (“SPARK”) acted as advisor to Plastics Capital plc on its debt re-financing. At the same time, Plastics Capital also announced the acquisition of Shengli Printing Science and Technology Co, Ltd.
Commenting, Faisal Rahmatallah, Executive Chairman, said: “We are delighted to announce the completion of the Shengli transaction and this refinancing with Barclays. The Shengli acquisition gives us a strong platform in China from which we can develop further. The new banking facility reduces the cash flow required to service our debt, pushes out any need for refinancing until 2018 and lowers our interest costs. All of these factors provide us with considerably more financial flexibility to facilitate continued investment and growth in shareholder value over the next few years.”