Marlowe ups debt facility to support growth deal-led strategy

Support services group Marlowe has upped its £7.5m debt facility with Lloyds Bank to £12.5m to support its acquisition-led growth strategy.

It said the new facilities comprised an additional £3.5m of term loan and an additional £1.5m Revolving Credit Facility.

Marlowe is focused on acquiring and developing companies that provide critical asset maintenance services.

At about 10:30 GMT, shares in AIM-quoted Marlowe were down 4.03% to 297.5p.