12th Sep 2019 12:16
(Alliance News) - Stonegate Pub Co Ltd on Thursday said it has signed up new lenders for the acquisition of pub firm Ei Group PLC.
Ei accepted a GBP1.3 billion offer from Slug & Lettuce owner Stonegate in July. Including debt, the deal values Ei at GBP2.97 billion.
As well as existing lenders Barclays Bank PLC, Goldman Sachs Bank US, and Nomura International PLC, Stonegate has added Deutsche Bank AG and Lloyds Bank PLC to the syndicate providing financing for the deal.
Ei shares were broadly flat on Thursday at midday in London at 281.30 pence each.
Related Shares:
EI Group