WESTLAND GETS 40 MLN STG FINANCING FACILITY
<Westland Group Plc> said it signed a 40
mln stg, five-year unsecured syndicated bond and guarantee
facility.
    In a prepared statement it said the facility would support
future sales, particularly of helicopters, and would be
extendable annually on an evergreen basis. The facility also
could be used to guarantee down payments and advances by
customers and to provide performance bonds.
    The facility was provided equally by seven international
banks from Europe and Japan and by Britain's Export Credits
Guarantee Department.
 REUTER
