Net debt at 30 June 2009 was £75.5m and following this repayment is currently below £70m.
Johnson announces early repayment of bank debt
Johnson Service Group had announced that it has received a £4.5million corporation tax repayment in respect of previous years' tax liabilities. The company says that this rebate, together with operational cash flows, will allow it to make a £10million early repayment of term loans.