Slaughter and May advised Ultra Electronics in relation to the refinancing of its current revolving credit facilities

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.