22nd May 2009 12:06
22 May 2009
Blacks Leisure Group plc
("Blacks Leisure" or "the Group")
Bank facility extension
Blacks Leisure and Lloyds Banking Group are engaged in discussions regarding provision of a financial structure which will enable the Group to accelerate both the exit of the loss-making Boardwear business and the development of the Outdoor store portfolio.
In order to provide the Group with a stable platform whilst working towards an appropriate long-term financing solution, Lloyds Banking Group continue to provide a £35 million banking facility, extending the term until 31 August 2009.
A further announcement will be made in due course.
The Group announces its preliminary results for the year ended 28 February 2009 on 29 May 2009.
Ends
Enquiries:
|
Citigate Dewe Rogerson |
020 7638 9571 |
|
Simon Rigby |
|
|
Kevin Smith |
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