30 Nov 2007 07:01
SMG PLC30 November 2007 New Banking Facility The Board confirms today that SMG has agreed a new 5-year £90million loanfacility, on standard banking terms, with HBOS. This follows the Board'sannouncement on the 6th November, in connection with SMG's Rights Issue. SMGexpects to repay all of its existing debt on completion of the Rights Issue on18 December 2007, following which the new facility will constitute the entiretyof SMG's borrowing. Further Enquiries: SMG plcGeorge Watt, Chief Financial OfficerTel: 020 7882 1199 Brunswick Group LLPSimon Sporborg / Ash SpiegelbergTel: 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange