RCR Tomlinson completes $50m banking facility increase

Company News

by Jessica Amir

RCR Tomlinson Limited (ASX:RCR) has completed its $50 million banking facility increase through the Commonwealth Bank of Australia (ASX:CBA).

The integrated engineering company’s Syndicated Banking Facility now totals $195 million.

In addition to the multi currency facility boost, the company also has approval to use up to $200 million of its insurance bonding facilities.

RCR Tomlinson says a larger bank capacity supports its growth forecasts.

The company says it is experiencing considerable growth in its pipeline and in particular in the energy sector, including solar, wind, storage and gas power opportunities. 

Shares in RCR Tomlinson (ASX:RCR) are trading 0.3 per cent higher to $3.37.
 

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