3 Jul 2017 07:59
NEWS RELEASE | www.justgroupplc.co.uk |
3 July 2017
JUST GROUP PLC
COMPLETION OF A £200M FIVE YEAR REVOLVING CREDIT FACILITY
Just Group announces that it has signed an agreement for a Revolving Credit Facility of £200 million, subject to an interest charge of LIBOR plus 150-300b.p. The facility has been made available by a group of three banks (ABN Amro, Barclays, and Natwest Markets) and provides a flexible liquidity source to the Group for the next five years.
Simon Thomas, Just Group's CFO, said:
"I am pleased that we have replaced our previous senior term loan with a Revolving Credit Facility, which is both larger and some 100b.p better priced. This reflects Just's strong balance sheet and the progress we have made over the last year."
Enquiries
Investors / Analysts
James Pearce, Group Director of Corporate Finance and Investor Relations
Telephone: +44 (0) 7715 085 099 james.pearce@wearejust.co.uk
|
Media
Stephen Lowe, Group Communications Director
Telephone: +44 (0) 1737 827 301 press.office@wearejust.co.uk
Temple Bar Advisory Alex Child-Villiers William Barker Telephone: +44 (0) 20 7002 1080 |
FINANCIAL CALENDAR
| DATE |
Interim results for the six months to 30 June 2017 | 13 September 2017 |
A copy of this announcement will be available on the Group's website www.justgroupplc.co.uk
JUST GROUP PLC
GROUP COMMUNICATIONS
Vale House, Roebuck Close
Bancroft Road, Reigate
Surrey RH2 7RU
Just Group (JUST)