Grafton Group — Capital/Financing Update 2014

May 19, 2014

National Storage Mechanism | Additional information

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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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