15th Oct 2014 15:14
LONDON (Alliance News) - Premier Inn and Costa Coffee operator Whitbread PLC said Wednesday it has extended the maturity of its bank facilities until November 2019.
The company said it has extended the maturity of its GBP650 million syndicated bank facility to November 4, 2018, and introduced two one-year options to extend it by a total of two years.
Whitbread said that with the agreement of all its banks, it already has exercised the first of those options, so that the maturity of the facility is now November 4, 2019.
Whitbread shares were trading 0.2% higher late Wednesday afternoon at 4,006.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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