19th Dec 2023 09:09
Big Yellow Group PLC - Surrey, England-based self-storage facilities operator - Completes refinancing of revolving credit facility. Says it has put in place a new GBP300 million ESG-linked facility for an initial three-year term with a 1.25% margin, unchanged from existing RCF. Has option to extend this facility by two additional one-year terms through to December 2028, if lenders approve. Barclays Bank PLC joins existing lender syndicate of Lloyds Bank PLC, HSBC UK Bank PLC and Bank of Ireland. New facility's conditions include annual pre-agreed environmental, social and governance targets, based on indicators such as increased solar generation capacity, and total annual grants to charity partners. Headline margin will be increased or decreased based on performance against the key performance indicators, measured annually. Read More
