SECURICOR UNIT SEEKS 50 MLN STG CREDIT FACILITY
Security Services Plc, a unit of
Securicor Group Plc, is seeking a 50 mln stg multi-option
facility, County NatWest Capital Markets said as arranger.
    The facility will be for seven years and will allow the
borrower to issue multi-currency advances and sterling
acceptances through a tender panel.
    There will be an underwriting margin of up to of 3/16 pct
over the London interbank offered rate. Underwriters will
receive a fee of 15 basis points on the available portion of
the facility and a fee of 10 basis points on the unavailable
portion, which could be for up to half the facility.
    There will be a utilization fee of 1/16 pct when more than
half the facility is in use.
    Securicor Group and other subsidiaries will guarantee the
facility.
 REUTER
