19 Apr 2018 11:30
Merlin Entertainments plc
Announcement regarding bank facilities
19 April 2018
Merlin Entertainments plc ("Merlin") today announces that it has successfully completed the refinancing of certain of its banking facilities.
Specifically, its revolving multi-currency credit facility has been increased from £300 million to £600 million with the repayment date extended to April 2023. £294 million equivalent has been drawn down from this facility and, along with cash on the balance sheet, used to repay £377 million equivalent of sterling and US dollar-denominated term loans.
Following this transaction therefore, Merlin's facilities are as follows:
· $311 million term loan maturing in March 2020 (previously $540 million)
· £43 million term loan maturing in March 2020 (previously £250 million)
· £600 million multi-currency revolving credit facility maturing in April 2023, of which £294 million is drawn (previously £300 million facility maturing in March 2020 with £ nil drawn)
· €700 million of notes maturing in March 2022 (unchanged)
Merlin continues to expect a financing charge of approximately £50 million in 2018.
For enquiries please contact:
Investors
Simon Whittington | +44 (0)1202 493 011 |
Media
James Crampton | +44 (0)1202 493 014 |
Brunswick Fiona Micallef-Eynaud / Imran Jina |
+44 (0)20 7404 5959 |
About Merlin Entertainments plc
Merlin Entertainments plc is a global leader in location based, family entertainment. As Europe's Number 1 and the world's second-largest visitor attraction operator, Merlin now operates over 120 attractions, 15 hotels and 6 holiday villages in 25 countries and across 4 continents. The company aims to deliver memorable experiences to its more than 65 million visitors worldwide, through its iconic global and local brands, and the commitment and passion of its c.29,000 employees (peak season).
Visit www.merlinentertainments.biz for more information.