Ashtead Group plc announced that it has extended the maturity of its senior credit facility ("ABL facility") to December 2023 and increased it to $4.1 billion. Depending on availability under the facility and leverage, the pricing grid ranges from LIBOR plus 125bp to LIBOR plus 175bp. The Group's current borrowing rate is LIBOR plus 150bp, a reduction of 25bp under the amended facility. Other terms and conditions remain unchanged. This amended facility ensures debt package remains well-structured and flexible, enabling to take advantage of prevailing market conditions whilst maintaining leverage in target range of 1.5 to 2.0 times net debt to EBITDA. The Group's amended debt facilities are committed for an average of six years at a weighted average interest cost of less than 5%.