New Credit Agreement

RNS Number : 4914Y

Future PLC

22 February 2013

 

22 February 2013

Future plc

New Credit Agreement

Future plc (LSE: FUTR), the international media group and leading digital publisher, is pleased to announce that it has agreed new four year £31m credit facilities ahead of the maturity of its existing facilities in December 2013. The new facilities comprise a £20.8m Multi-Currency Revolving Credit Facility (MRCF), a £6m term loan and an additional £4.2m of ancillary facilities. These facilities have been provided by a banking group comprised of existing lender, Barclays Bank plc and new lender, Santander UK plc.

Graham Harding, Chief Financial Officer, comments: "I am extremely pleased we have been able to extend our relationship with Barclays and start a new relationship with Santander. Both banks have demonstrated their commitment by providing the terms and facilities we need to assist the business as it continues to move forward."

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Enquiries

Future plc
Mark Wood, Chief Executive                                           Tel: [phone]
Graham Harding, Chief Financial Officer                           Tel: [phone]
Chris Taylor, Director of Communications                         Tel: [phone]

Brunswick Group
Jon Coles / Andy Rivett-Carnac                                       Tel: [phone]

About Future:

·      Future plc is an international media group and leading digital publisher, listed on the London Stock Exchange (symbol: FUTR). 

·      We have operations in the UK, US and Australia creating 200 publications, apps, websites and events. 

·      We hold market-leading positions in Technology, Entertainment, Music, Creative and Sport & Auto sectors. 

·      We attract more than 50 million monthly global unique users to our websites, which include techradar.com, gamesradar.com, bikeradar.com and musicradar.com.

·      Future sells more than 24 million magazines every year, that's 45 magazines sold every minute. Our most well-known brands include T3, Total Film, Classic Rock and Official Xbox Magazine. 

·      We deliver over 100 digital editions, selling over two million products in the last 12 months through Apple's Newsstand for iPad.

·      Future exports or syndicates over 200 publications to over 90 countries, making us the UK's number one exporter and licensor of magazine content.

·    Future is currently Consumer Digital Publisher of the Year for both the Association of Online Publishers and the Professional Publishers Association.

 

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