Slaughter and May advised Costain Group PLC on its £100m revolving credit facility and surety and bank bonding facilities

Slaughter and May advised Costain Group PLC (“Costain”), a leading infrastructure solutions provider which operates across the UK’s transport, energy, water, and defence markets, in relation to its financing arrangements. This involved a new £100 million multicurrency revolving credit facility (replacing Costain’s existing £85 million undrawn facility), which will be used as backup liquidity for general corporate purposes. The new revolving credit facility is in place for four years, to September 2029, with an option to extend by a further year. In addition, Costain has entered into three bank bonding facilities and six surety bond facilities to support its operational contracts.