13th Jun 2007 07:00
Quarto Group Inc13 June 2007 Wednesday 13 June 2007 THE QUARTO GROUP, INC. US$115 million Syndicated Facility Quarto, the London-based and listed international book publisher, has signed afive year, US$115,000,000 multi currency revolving credit agreement with asyndicate of banks on both sides of the Atlantic. "This funding agreement increases our borrowing capacity to US$180 million,"noted Michael J Mousley, Quarto's Chief Financial Officer. "I am pleased toreport that Fifth Third Bank, headquartered in Cincinnati, Ohio, has joined thesyndicate. This means that our banking group is now a better strategic fit toour existing business and our plans for growth. It is also pleasing to note thatour existing bankers continue to support these plans and continue to recognisethe ongoing strength of our business." Notes for Editors: Quarto is an international book producer and publisher with two principalstrands of activity: it publishes, under imprints owned by the Group, books andart prints in the US, the UK, and Australia; and it creates books that arelicensed to other publishers for publication under their own imprints in manylanguages around the world. In 2006, Quarto increased adjusted pre-tax profit by 9% to £7.3 million andadjusted diluted earnings per share by 6% to 22.5p, proposing total dividendsper share up 4% at 6.75p. Enquiries: The Quarto Group, Inc.Laurence Orbach (Chairman & CEO) 020-7700 9003Mick Mousley (Finance Director) 020-7700 9004 Bankside Consultants LimitedCharles Ponsonby 020-7367 8851 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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