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New Committed Bank Facilities

19th May 2014 07:00

RNS Number : 4054H
Grafton Group PLC
19 May 2014
 

 

 

Grafton Group plc

 

New Committed Bank Facilities

 

Grafton Group plc, the Builders Merchanting and DIY Group with operations in the UK, Ireland and Belgium is pleased to announce that it has signed new five year revolving credit facilities with its relationship banks. The bilateral multicurrency facilities total £460m and have a maturity date of May 2019. The refinancing takes advantage of improved lending conditions and will lead to annualised finance charge savings based on current drawings of circa £3m per annum. The increased facilities provide Grafton with additional headroom as the Group continues to execute its growth strategy.

 

 

 

For further information please contact:

 

Grafton Group plc +353 1 216 0600

David Arnold Chief Financial Officer

 

MHP Communications +44 20 3128 8100

James White

 

Murray Consultants +353 1 498 0300

Joe Murray

 

 

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