TIDMAPR

RNS Number : 6994A

APR Energy PLC

30 September 2015

30 September 2015

APR Energy Banking Update

APR Energy (LSE: APR) or ("The Company"), a global leader in fast-track power solutions, today announces that it has received an extension from its banks for its next financial covenant testing date from September 30 to October 31 while the Company continues discussions with its banks regarding future financial covenant compliance obligations under its banking facility, as previously announced.

"We appreciate our lenders' willingness to continue to engage in constructive discussions regarding our future capital structure," said Laurence Anderson, Chief Executive Officer.

Ends

Enquiries:

APR Energy plc

   Lee Munro (investors)                 + 1 904 404 4576 
   Manisha Patel (investors)            + 1 904 517 5135 
   Alan Chapple (media)                 + 1 904 223 2277

CNC Communications

   Nick Bastin                               +44 (0) 20 3219 8814 / +44 (0) 7931 500 066 
   Michael Kinirons                        +44 (0) 20 3219 8803 / +44 (0) 7827 925 090

About APR Energy

APR Energy is the world's leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company's website at www.aprenergy.com.

Certain statements included in this announcement constitute, or may constitute, forward-looking statements. Any statement in this announcement that is not a statement of historical fact (including, without limitation, statements regarding the Company's future expectations, operations, financial performance, financial condition and business) is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. Although any such forward-looking statements reflect knowledge and information available at the date of this announcement, reliance should not be placed on them. Without limitation to the foregoing, nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

September 30, 2015 03:51 ET (07:51 GMT)

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