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Energy Assets Group gets £5m credit facility from Santander

Energy Assets Group, a Livingston-based industrial and commercial gas metering company, has secured a new £5m revolving credit facility from Santander UK to provide funding for further expansion of its business. Energy Assets Group will be able to make drawdowns from the new facility over a three-year period. The support from Santander, when added to Energy Assets Group's existing facilities with Lombard North Central and Bank of Scotland, increases total group facilities to £44m. Energy Assets chief executive Phil Bellamy-Lee commented: 'I am delighted to welcome Santander as a new funding partner. By securing this new facility we are now in an even stronger position to implement our strategy of growing the business organically and making further acquisitions to maximise shareholder value as suitable opportunities arise'.

 

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