Completion of refinancing

RNS Number : 4219E

McColl's Retail Group plc

28 February 2020

 

McColl's Retail Group plc "the Company"

Completion of refinancing

Completion of amendment and maturity extension to bank facilities

Having engaged with our banking syndicate in the latter part of 2019, the Company is pleased to announce that its bank facilities have been successfully amended and extended to a revised maturity date in May 2022.

The amended facility terms will give us more certainty and flexibility to execute our strategic initiatives in 2020, and beyond.

McColl's Retail Group plc        Media enquiries:

Jonathan Miller, Chief Executive Officer  Headland

Robbie Bell, Chief Financial Officer  Ed Young, Rob Walker, Charlie Twigg

[phone]  [phone]

Notes to editors

McColl's is a leading neighbourhood retailer, with an estate of over 1,400 managed convenience stores and newsagents. We operate McColl's branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our dedicated colleagues serve five million customers every week, and we are the largest operator of Post Offices in the UK.

 

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