8 May 2015
Future plc
Completion of refinancing
Future plc (LSE: FUTR, "Future", "the Group"), the international media group, has arranged a new £5.5m multicurrency revolving and overdraft facility ahead of the maturity of its existing facilities in December 2015.
The new facilities have reduced funding costs and fewer covenants. The maturity date is 31 December 2017 with options to extend through to 31 December 2019. There is a further option to increase the total revolving facility commitment by £2.0m. These facilities have been provided by Santander UK plc, an existing lender to the Group.
Enquiries
Future plc |
020 7042 4400 |
Richard Haley, Chief Financial Officer
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Instinctif Partners |
020 7425 2040 |
Adrian Duffield |
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