Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Speedy beefs up debt facility

Tool hirer Speedy Hire has signed a new deal to increase its debt facility to £150 million to underpin its growth plans.
The new five-year revolving credit provision replaces an existing deal worth £125 million which was due to expire in June next year.

In April, Speedy bought The Cabin Company from Birse for £6.25 million and snapped-up Cheshire-based DAD Hire Services in February as part of its plan to concentrate on niche markets in its core strength - tool and equipment hire.

Contact the newsdesk