Just Group PLC COMPLETION OF £200M 5 YR REVOLVING CREDIT FACILITY (8244J)
03 July 2017 - 5:00PM
UK Regulatory
TIDMJUST
RNS Number : 8244J
Just Group PLC
03 July 2017
NEWS RELEASE www.justgroupplc.co.uk
3 July 2017
JUST GROUP PLC
COMPLETION OF A GBP200M FIVE YEAR REVOLVING CREDIT FACILITY
Just Group announces that it has signed an agreement for a
Revolving Credit Facility of GBP200 million, subject to an interest
charge of LIBOR plus 150-300b.p. The facility has been made
available by a group of three banks (ABN Amro, Barclays, and
Natwest Markets) and provides a flexible liquidity source to the
Group for the next five years.
Simon Thomas, Just Group's CFO, said:
"I am pleased that we have replaced our previous senior term
loan with a Revolving Credit Facility, which is both larger and
some 100b.p better priced. This reflects Just's strong balance
sheet and the progress we have made over the last year."
Enquiries
Investors / Analysts Media
James Pearce, Group Director Stephen Lowe, Group Communications
of Corporate Finance and Director
Investor Relations
Telephone: +44 (0) 7715 Telephone: +44 (0) 1737
085 099 827 301
james.pearce@wearejust.co.uk press.office@wearejust.co.uk
Temple Bar Advisory
Alex Child-Villiers
William Barker
Telephone: +44 (0) 20 7002
1080
============================== =====================================
FINANCIAL CALENDAR DATE
=================================== ==================
Interim results for the six months 13 September 2017
to 30 June 2017
=================================== ==================
A copy of this announcement will be available on the Group's
website www.justgroupplc.co.uk
JUST GROUP PLC
GROUP COMMUNICATIONS
Vale House, Roebuck Close
Bancroft Road, Reigate
Surrey RH2 7RU
This information is provided by RNS
The company news service from the London Stock Exchange
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