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Agreement of New Bank Facility

19th Jun 2014 07:00

RNS Number : 9645J
Wincanton PLC
19 June 2014
 

19 June 2014

 

WINCANTON PLC

('Wincanton' or 'the Group')

 

Agreement of New Bank Facility

 

Wincanton, a leading provider of supply chain solutions in the UK and Ireland, is pleased to announce that it has refinanced its main banking facility for a further five year term through to June 2019, supporting the Group's medium term funding requirements.

 

The refinancing comprises a new £170 million facility with improved pricing for the Group. This facility is provided by HSBC, RBS, Barclays, Lloyds and AIB. Taking into account the Group's other financing arrangements, Wincanton has committed facilities available of £300m in total.

 

 

Adrian Colman, Group Finance Director, commented

 

"This refinancing provides a strong platform to support growth over the next five years and considerably extends the maturity profile of the Group's debt. We would like to thank our banking partners for their continued support."

 

 

Ends

 

For further information please contact:

 

 

Wincanton plc

Eric Born, Chief Executive 01249 710 000

Adrian Colman, Group Finance Director

 

Buchanan

Jeremy Garcia / Gabriella Clinkard 020 7466 5000

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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