23rd Dec 2021 14:28
Smiths News PLC - Swindon-based newspaper, magazine and book distributor, originally known as WHSmith News - Extends maturity date of its banking facility to August 31, 2025 from November 2023. The agreement was made with a syndicate of banks comprising of HSBC Bank PLC, Barclays PLC, Santander UK PLC and Clydesdale Bank PLC. The facilities will now comprise of a GBP60.0 million amortising term loan and a revolving credit facility with an initial limit of GBP30.0 million. These facilities will amortise down to a maximum of GBP41.5 million over the loan period.
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By Heather Rydings; [email protected]
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