Carillion shares soared over 20 percent on Tuesday, after it updated investors that it had agreed new credit facilities and deferrals on some of its debt repayments.

The troubled company said on Tuesday that it had agreed facilities totaling £140 million, which was “fully available to draw down now”. The new funds comprise a £40 million senior secured revolving facility maturing on 27 April 2018, secured over shares in certain of the group’s subsidiaries and over certain of the group’s assets, and a £100 million senior unsecured revolving facility maturing on 1 January 2019.

Carillion also announced that it has sold a “large part” of its UK healthcare facilities in a deal worth £50.1 million, adding that it hopes to dispose of the remaining contracts in its UK healthcare facilities management portfolio during 2018 in an effort to get the group’s finances back on track.

CEO Keith Cochrane said: “We remain focused on executing our disposals and cost savings programmes while continuing our discussions with our lenders and other stakeholders to explore further ways of strengthening Carillion’s balance sheet.”

The outsourcing group has seen its share price sink of late, plunging further last month after it reported a £1.15 billion loss to investors. Its share price rose on Tuesday in the wake of the announcement, and is currently trading up 9.49 percent at 47.90 (1054GMT).