Marston's PLC New Bank Facility (8639Z)
March 20 2017 - 3:00AM
UK Regulatory
TIDMMARS
RNS Number : 8639Z
Marston's PLC
20 March 2017
Marston's PLC
New Bank Facility
20 March 2017
Marston's PLC ("Marston's" or "the Group") announces that it has
agreed a new Bank facility to replace the GBP257.5 million existing
facility which was due to expire in November 2018.
The new facility extends to March 2022 and comprises a GBP320
million loan commitment, with an incremental GBP40 million
accordion facility providing additional flexibility, at improved
terms.
The new facility will be provided by Barclays, Lloyds, HSBC,
Santander and the Bank of Ireland.
Ralph Findlay, CEO, commented:
"This new facility further improves the efficiency of our
funding. It provides the Group with the certainty of long term
financing whilst also taking advantage of current low interest
rates, enabling Marston's to fulfil its future expansion plans in
the most cost effective way possible."
ENQUIRIES
Marston's PLC Tel: 01902 329516
Ralph Findlay, Chief Executive Officer
Andrew Andrea, Chief Financial Officer
Instinctif Partners Tel: 020 7457 2020
Justine Warren
Matthew Smallwood
NOTES TO EDITORS
-- Marston's is a leading pub operator and independent brewer.
-- It has an estate of 1,569 pubs situated nationally,
comprising managed, franchised and leased pubs.
-- It is the UK's leading brewer of premium cask and bottled
ales, including Marston's Pedigree, Wainwright and Hobgoblin. The
beer portfolio also includes Banks's, Jennings, Wychwood, Ringwood,
Brakspear and Mansfield beers.
-- Marston's employs around 14,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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