7th Apr 2005 14:23
7 April 2005 FIRSTGROUP PLC Announcement of new committed ‚£520 million bank facility FirstGroup plc has signed a ‚£520 million, 5-year committed revolving credit andguarantee facility, which replaces existing facilities of ‚£525 million.The facility was self-arranged and has been provided by Barclays Capital, HSBCBank plc, Lloyds TSB Bank and The Royal Bank of Scotland (Bookrunners andMandated Lead Arrangers), Calyon and JP Morgan (Senior Managers) and BayerischeLandesbank, Mizuho Corporate Bank, National Australia Bank, and UBS (Managers).The Royal Bank of Scotland is also the Facility Agent, and HSBC Bank plc wasthe Documentation Agent during the negotiations.Commenting, Dean Finch, Group Finance Director said: "This new facility,provided by a strong bank group, significantly improves pricing and terms, andincreases the duration of our medium term committed borrowing facilities."ContactsRachael Borthwick, Head of Corporate Communications Tel: 020 7291 0508Ian Weldon, Group Treasury and Tax Director Tel: 01224 303530ENDFIRSTGROUP PLCRelated Shares:
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