Marston's PLC Amendment and extension of debt facilities (8452U)
31 Marzo 2023 - 12:00AM
UK Regulatory
TIDMMARS
RNS Number : 8452U
Marston's PLC
31 March 2023
31 March 2023
MARSTON'S PLC
("Marston's" or "the Group")
Amendment and extension of Bank and Private Placement debt
facilities
Marston's is pleased to announce that it has successfully
secured an amendment and extension of its bank and Private
Placement debt facilities to the end of January 2025.
The revised GBP340 million debt facilities are comprised of a
GBP300 million Revolving Credit Facility (the "RCF") with the
continued support of all its existing and two new banks, together
with a restatement of its current GBP40 million Private Placement
(the "PP").
The RCF replaces the Group's existing GBP280 million facility.
The facility cost is variable: to be determined by the level of
leverage or drawings from time to time alongside changes in the
SONIA rate. As previously reported GBP120 million of the facility
is hedged.
The Group continues to make progress on its "Back to a Billion"
strategy and trading remains in line with our expectations.
The Group will announce Interim Results on 16 May 2023.
ENQUIRIES:
Marston's PLC Tel: 01902 329516 Instinctif Partners Tel: 020 7457
2010/2005
Andrew Andrea, Chief Executive Justine Warren/Matthew Smallwood
Officer
Hayleigh Lupino, Chief Financial
Officer
NOTES TO EDITORS
-- Marston's is a leading pub operator with a 40% holding in
Carlsberg Marston's Brewing Company
-- It operates an estate of 1,445 pubs situated nationally,
comprising managed, franchised and leased pubs
-- Marston's employs around 11,000 people
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END
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March 31, 2023 02:00 ET (06:00 GMT)
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