Mapeley has refinanced £257m of debt.

The outsourcing specialist, which is subject to a takeover bid from 50% shareholder Fortress Investment Group, has replaced its £257m revolving acquisition line with a £152m seven-year term facility and a separate £60m facility maturing in April 2009.

The remaining balance was made up with cash from within the company.

Mapeley will announce its annual results for 2007 on Monday.