First Active has announced the completion of a €530 million (£417.4 million) term loan and revolving credit facility. Advanced by a consortium of 19 banks, the multi-currency facility would be used for "general corporate purposes", the company said. The loan has a maturity of five years and the interest cost involves a margin of 0.15 of a percentage point over the London Inter Bank Offer Rate, rising to 0.175 of a percentage point in the final two years.