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9 Feb 2015 07:00
The Quarto Group, Inc.
Refinancing
The Quarto Group, Inc. ("Quarto" or "the Group"), the world's leading global illustrated book publisher and distribution group, today announces that it has entered into a new four year syndicated bank facility.
The Group has signed a US$95m multicurrency revolving credit and term loan facility with The Royal Bank of Scotland, Bank of America, Santander UK PLC and Fifth Third Bank. The new facility matures on 30 April 2019 and replaces the existing syndicated bank facility which was due to expire on 30 April 2015.
Mick Mousley, CFO, said,
"We are very pleased to have concluded our refinancing, with four existing banks to the Group. They have been very supportive of our strategy and continue to recognise the ongoing strength of the business."
Ends
For further information please contact:
The Quarto Group +44 (0)20 7700 9005
Mick Mousley, CFO
Bell Pottinger
Elly Williamson/Lucy Stewart +44 (0)20 3772 2491
About The Quarto Group, Inc.
The Quarto Group (LSE: QRT) is the leading global illustrated book publisher and distribution group and is listed on the London Stock Exchange. Quarto employs about 400 talented and creative people in four distinct but complementary businesses - Quarto International Co-Editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK and Books & Gifts Direct, Australia & New Zealand.
The Group is well positioned in resilient segments of book publishing with rich reserves of Intellectual Property. Quarto is uniquely positioned for growth as the industry adapts to new means of marketing, sales and routes to market. The Group's headquarters are in London where the Company was founded 1976.
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