Restaurant Group amends and extends debt facilities

(Sharecast News) - Wagamama owner The Restaurant Group said on Thursday that it has successfully amended and extended its debt facilities.

The revised £340m package comprises a £220m term loan facility and a £120m revolving credit facility with the company's existing lenders. This represents a circa £21m early repayment of its previous facilities.

TRG said it continues to have a "strong" liquidity position with over £140m of cash headroom.

"This provides the group with an additional two years of debt facilities with the maturities of the term loan and the RCF extended to April 2028 and March 2027, respectively," it said.

The covenant package provides additional covenant headroom for the group until March 2025.