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Completion of Zeta Loan Extension

18th Aug 2014 13:45

RNS Number : 4091P
Redefine International PLC
18 August 2014
 



 

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

 

COMPLETION OF ZETA LOAN EXTENSION

 

Redefine International is pleased to announce that it has completed a two year extension to the GBP34.7 million Zeta facility (the "Facility"). The Facility, provided by Lloyds Bank PLC, now has a repayment date of 24 May 2018. Following this extension, as well as the hotel portfolio refinance announced on 5 August 2014, the Company's weighted average debt maturity has increased to 8.4 years. The weighted average debt maturity as at the interim period ended 28 February 2014 was 7.2 years.

 

For further information:

Redefine International P.L.C.

Michael Watters, Stephen Oakenfull

Tel: +44 (0) 20 7811 0100

 

FTI Consulting

UK Public Relations Adviser

Stephanie Highett, Dido Laurimore

 

FTI Consulting

SA Public Relations Adviser

Max Gebhardt

Tel: +44 (0) 20 3727 1000

 

 

 

Tel: + 27 (0) 11 214 2402

JSE Sponsor

Java Capital

Tel: + 27 (0) 11 283 0042

Notes to editors:

Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.

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