The package is part of a global debt and equity transaction designed to strengthen the balance sheet of Orbotech, SPTS Technologies’ parent company. SPTS Technologies works with the world’s leading semiconductor and microelectronic device manufacturers and researchers.
“The UK funding package is a firm indication of how highly regarded SPTS is held by both the Group and external parties,” said Kevin Crofton, president of SPTS Technologies and corporate vice president of Orbotech. “We are pleased to have Lloyds Banks and Barclays on board supporting the business going forward.”
Jason Evans, area director at Lloyds Bank Commercial Banking, commented, “SPTS Technologies is one of the standout businesses in South Wales, and has experienced strong growth in recent years, contributing significantly to the local economy and creating job opportunities for people across the area.”
Simon Vittle, director at Barclays Corporate, called the deal “one of the largest funding packages in Wales this year”, adding “We are extremely pleased to deepen our banking relationship with one of Wales’ biggest global businesses operating in hi-tech, fast growth markets using local management talent to deliver on ambitious growth plans.”
