Business
New Bank Facility
New Bank Facility.
About this update from Marston's Plc
[{"type":"text","content":"\n \nRNS Number : 8639Z Marston's PLC 20 March 2017 \n\n \nMarston's PLC\nNew Bank Facility\n20 March 2017\n \n \nMarston's PLC (\"Marston's\" or \"the Group\") announces that it has agreed a new Bank facility to replace the £257.5 million existing facility which was due to expire in November 2018. \nThe new facility extends to March 2022 and comprises a £320 million loan commitment, with an incremental £40 million accordion facility providing additional flexibility, at improved terms. \nThe new facility will be provided by Barclays, Lloyds, HSBC, Santander and the Bank of Ireland.\nRalph Findlay, CEO, commented: \n\"This new facility further improves the efficiency of our funding. It provides the Group with the certainty of long term financing whilst also taking advantage of current low interest rates, enabling Marston's to fulfil its future expansion plans in the most cost effective way possible.\" \n \nENQUIRIES\nMarston's PLC Tel: 01902 329516\nRalph Findlay, Chief Executive Officer\nAndrew Andrea, Chief Financial Officer\n \nInstinctif Partners Tel: 020 7457 2020\nJustine Warren\nMatthew Smallwood\n \n \nNOTES TO EDITORS\n· Marston's is a leading pub operator and independent brewer.\n· It has an estate of 1,569 pubs situated nationally, comprising managed, franchised and leased pubs.\n· It is the UK's leading brewer of premium cask and bottled ales, including Marston's Pedigre...