Travis Perkins plc: Refinancing completed with renewal of £375m revolving credit facility

Travis Perkins (TPK) Travis Perkins plc: Refinancing completed with renewal of £375m revolving credit facility 15-Nov-2023 / 07:00 GMT/BST 15 November 2023 Travis Perkins plc Refinancing completed with renewal of £375m revolving credit facility Travis Perkins plc (“The Group”) is pleased to confirm that the Group’s near term refinancing programme has been completed with the renewal of the Group’s revolving credit facility (“RCF”). The renewed £375m RCF is for a five-year term with two extension options of one year each and is provided by a syndicate of eight banks on broadly comparable terms to the 2019 RCF. The RCF also incorporates an accordion feature. The Group’s committed debt facilities now total £800m with details shown below: Facility Amount Maturity Bond £250m February 2026 Term loan £75m August 2027 RCF £375m November 2028 US private placement notes £100m August 2029 / August 2030 / August 2031 (equal tranches) The RCF updated covenants reflect the adoption of IFRS16 and are in line with those on the US private placement notes and term loan. On a 12-month rolling basis these covenants are: Net debt / EBITDA not to exceed 4.0x Interest cover of at least 2.0x As at 30 June 2023, the Group’s 12-month rolling net debt to EBITDA ratio was 2.1x with interest cover of 5.7x. The Group's investment grade rating was confirmed by Fitch on 11 October 2023 as BBB- on negative outlook. Enquiries: Travis Perkins FGS Global Matt Worster Faeth Birch / Jenny Davey / James Gray [phone] [phone] [e-mail] [e-mail] Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

ISIN:	GB00BK9RKT01
Category Code:	MSCL
TIDM:	TPK
LEI Code:	2138001I27OUBAF22K83
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	284891
EQS News ID:	1773577

End of Announcement	EQS News Service