WH Smith PLC — Capital/Financing Update 2023

Jun 14, 2023

/*<![CDATA[*/ /**/ /**/ /**/ /**/ /**/ .h{size:595.3pt 841.9pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.h{}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial","sans-serif";}p.s{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial","sans-serif";text-align:center}.p{font-style: italic}span.o{font-size:8.0pt}span.n{font-size:10.0pt}table.t{margin-left:-5.4pt;border-collapse:collapse}td.l{width:143.2pt;padding:0cm 5.4pt 0cm 5.4pt}p.u{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial","sans-serif";} td.k{width:143.25pt;padding:0cm 5.4pt 0cm 5.4pt}span.j{font-size:11.0pt} .fr-view-element{font-family: sans-serif;font-size: 12pt;line-height: 140%;padding: 20px;box-sizing: border-box;overflow-x: auto;min-height: 60px;text-align: left;margin-bottom: 10px;width: 837px;} .fr-view-element img{padding: 0 1px;} .fr-view-element .h{margin: 63.8pt 1.6cm 62.35pt 1.6cm;} .fr-view-element p{font-size: 10pt;} /**/ /**/ /**/ /**/ /**/ /*]]>*/ National Storage Mechanism | Additional information

RNS Number : 6003C

WH Smith PLC

14 June 2023

WH SMITH PLC

The global travel retailer

14 June 2023

Completion of bank refinancing with new long term £400m

sustainability linked facility

WH Smith PLC is pleased to announce that it has completed the refinancing of the Group's existing £363m lending facilities.

The Group's existing £363m lending facilities, consisting of a £250m revolving credit facility ('RCF') and a £113m term loan have been cancelled and repaid. This repayment is funded by drawings under new facilities consisting of a £400m RCF (the 'New RCF'). The New RCF is a sustainability linked loan finance facility.

The New RCF is for a five year term with two uncommitted extension options of one year each, which would, subject to lender approval, extend the tenor of the New RCF to six or seven years, if exercised. The New RCF is provided by a syndicate of banks: Barclays, BNP Paribas, Citi Commercial Bank, Fifth Third, HSBC, JP Morgan, PNC, Santander and SEB.

Robert Moorhead, Group Chief Financial Officer and Chief Operating Officer, commented:

"We are delighted to complete this refinancing. The new facilities, which are on improved terms, support our strategic ambitions to grow our global travel retail business. We look forward to working with our banks to deliver the significant growth opportunities in our global travel retail markets."

Enquiries:

WH Smith PLC Mark Boyle Nicola Hillman	Investor Relations Media Relations	07879 897687 01793 563354
Brunswick Tim Danaher		020 7404 5959

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCNKNBQPBKDPAD