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23 Nov 2010 07:01
23 November 2010
KCOM Group PLC announces new banking facility
KCOM Group PLC (KCOM.L) is pleased to announce that it has signed a committed
£200 million, revolving credit facility, with maturity to July 2015, replacing the Group's existing £250 million facility, which was due to expire in March 2012.
The facility is provided by a group of six banks comprising existing syndicate members, RBS, Barclays and Lloyds, who are joined by Yorkshire Bank, HSBC and Santander.
Paul Simpson, Chief Financial Officer of KCOM Group says, "We are delighted to announce our new banking facility, with a strong syndicate of banks. The terms and duration of this facility, which has been agreed well in advance of our previous arrangements expiring, reflect the substantial improvements we have made to the Group's financial position over the last 24 months."
ENDS
Enquiries:
KCOM Group PLC: | |
Bill Halbert, Executive Chairman | |
Paul Simpson, CFO | Tel: 01924 882801 (PA: Janet Blackburn) |
Investor relations | |
Cathy Phillips | Tel: 07778 335735 |
Brunswick: | |
Jon Coles/Daniel Thole | Tel: 020 7404 5959 |
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