Slaughter and May advised Ultra Electronics, the international defence, security, transport and energy group, in relation to the refinancing of its current revolving credit facilities into a new £300 million facility, with improved terms, provided by a syndicate of six international banks. The facility has a committed maturity of five years to November 2022, and may be extended to a maximum of seven years.

Contacts

Financing: Matthew Tobin (partner), Jansy Man (associate); Tax: Gareth Miles (partner), Ed Moberly (associate)