CVS launches buyback and snaps up more vets in Australia after completing refinancing

CVS Group (AIM:CVSG) has launched a £50 million share buyback after refinancing its banking facilities as the veterinary chain stepped up expansion plans in Australia following the end of a lengthy UK competition probe. The FTSE 250-listed group said it had refinanced its £350 million debt facilities on improved terms, extending maturities to May 2030 and lowering borrowing margins by 20 basis points.