CPI Group extends its finance facilities with GE for a further three years.

12th February, 2010

CPI Group's finance costs will contract significantly due to the reduction in required funds driven by the successful restructuring programme implemented during 2009 and a concentration on the group's ‘optimal inventory project'.

Commenting on the refinancing, Managing Director Bernard Cassell said, "Middle and Senior management initiatives have delivered a decidedly positive impact on our funding requirements going forward.  GE's successful proposal was certainly market competitive and the agreement builds on our already established relationship with GE Finance"