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New Bank Facility

28th Aug 2014 09:09

FULLER SMITH & TURNER PLC - New Bank Facility

FULLER SMITH & TURNER PLC - New Bank Facility

PR Newswire

London, August 28

28 August 2014 FULLER, SMITH & TURNER P.L.C. Completion of Bank refinancing Fuller, Smith & Turner P.L.C. ("Fuller's" or "the Company"), the London brewerand premium pub company, announces that it has successfully arranged new £180million bank loan facilities, with immediate effect. The new facilities replacethe Company's previous bank borrowing arrangements which were due to expire inMay 2015. The new facilities have a five year term expiring in August 2019, have noamortisation requirements and provide £30 million of additional funding overand above the previous funding arrangements. The facilities are on improvedterms and the savings should offset expected increases next year in LIBOR. - Ends - For further information, please contact: Fuller, Smith & Turner P.L.C.Simon Emeny, Chief Executive (press) 020 8996 2175James Douglas, Finance Director (analysts) 020 8996 2000Georgina Wald, Corporate Communications Manager 020 8996 2198/07831 299801 Instinctif Partners 020 7457 2020Paul DownesJustine Warren

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