UK - Doughty Hanson completes 20:20 refinancing

As part of the refinancing, Doughty Hanson is injecting £15m of new equity to continue the company's ongoing expansion drive. The refinancing will see the consortium of banks, led by RBS, write down the net debt in 20:20 to £92m and receive a combined 45% equity stake in the business. In addition, they will provide a further £30m of credit facilities.

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