Rank Group PLC
13 November 2003
13th November 2003
THE RANK GROUP PLC
NEW BANK FACILITIES
The Rank Group Plc ('Rank' or the 'Group') is pleased to announce that Rank
Group Finance Plc has today agreed terms for a new three year, senior unsecured
£400 million multi-currency revolving credit facility. The new facility, which
was oversubscribed and was led by Banc of America Securities, HSBC, JP Morgan
and The Royal Bank of Scotland, will be guaranteed by Rank and replaces a
similar £250 million facility.
Commenting on the new facility, Ian Dyson, Group Finance Director said:
'Following the successful private placement of $538m senior notes in May of this
year, the strong appetite for Rank Group credit continues, indicating ongoing
support for the Group's strategy, recognition of its financial strength and the
ability of each of its core businesses to generate cash.'
Enquiries:
The Rank Group Plc Tel: 020 7706 1111
Ian Dyson, Finance Director
Sam Wren, Treasurer
Press Enquiries:
The Maitland Consultancy Tel: 020 7379 5151
Angus Maitland
Suzanne Bartch
This information is provided by RNS
The company news service from the London Stock Exchange
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