Net Asset Value • Jul 3, 2017
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RNS Number : 8244J
Just Group PLC
03 July 2017
| NEWS RELEASE | www.justgroupplc.co.uk |
3 July 2017
JUST GROUP PLC
COMPLETION OF A £200M FIVE YEAR REVOLVING CREDIT FACILITY
Just Group announces that it has signed an agreement for a Revolving Credit Facility of £200 million, subject to an interest charge of LIBOR plus 150-300b.p. The facility has been made available by a group of three banks (ABN Amro, Barclays, and Natwest Markets) and provides a flexible liquidity source to the Group for the next five years.
Simon Thomas, Just Group's CFO, said:
"I am pleased that we have replaced our previous senior term loan with a Revolving Credit Facility, which is both larger and some 100b.p better priced. This reflects Just's strong balance sheet and the progress we have made over the last year."
| Enquiries Investors / Analysts James Pearce, Group Director of Corporate Finance and Investor Relations Telephone: +44 (0) 7715 085 099 [email protected] |
Media Stephen Lowe, Group Communications Director Telephone: +44 (0) 1737 827 301 [email protected] Temple Bar Advisory Alex Child-Villiers William Barker Telephone: +44 (0) 20 7002 1080 |
| FINANCIAL CALENDAR | DATE |
| Interim results for the six months to 30 June 2017 | 13 September 2017 |
A copy of this announcement will be available on the Group's website www.justgroupplc.co.uk
JUST GROUP PLC
GROUP COMMUNICATIONS
Vale House, Roebuck Close
Bancroft Road, Reigate
Surrey RH2 7RU
This information is provided by RNS
The company news service from the London Stock Exchange
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