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9 Apr 2014 07:00
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McBride PLC
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Completion of Refinancing
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McBride PLC, Europe's leading provider of Private Label Household and Personal Care products, announces that it has concluded the refinancing of the Group's banking facilities.
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The new arrangement provides β¬205 million comprising:
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- β¬65 million of loan notes issued in the US Private Placement market maturing in November 2020 and April 2022; and
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- a β¬140 million revolving credit facility of five year tenor, at a slight reduction in funding costs and with covenants unchanged, with Barclays, HSBC, KBC and BayernLB.
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The new arrangements replace the current committed facility of β¬175 million which was due to mature in June 2015.
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The refinancing provides McBride with a robust funding platform on attractive terms from which to deliver the company's growth plans in the medium term.
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For further information please contact: | |
McBride plc | |
Chris Bull, Group Chief Executive | 020 3642 1587 |
Richard Armitage, Group Finance Director | 020 3642 1587 |
FTI Consulting | |
Ed Bridges, Nick Hasell | 020 3727 1017 |
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