Whitbread extends bank facilities

RNS Number : 7307Y

Whitbread PLC

28 January 2014

 



Whitbread PLC

 28 January 2014

Whitbread extends bank facilities until November 2018

Whitbread PLC today announces that it has signed an amendment to its existing £650 million syndicated bank facility, extending its maturity by two years to 4 November 2018, and introducing an option to extend it by a further two years beyond that date, with the consent of the banks at the time.

The facility pricing is unchanged.

Nicholas Cadbury, Group Finance Director said "we are delighted by the continuing support of our core relationship banks for this maturity extension of our loan facility which, together with our private placement notes, meets the medium term funding needs of the Group to support our growth programme".

For Further information contact:

Investor Relations

Nicholas Cadbury, Group Finance Director                         [phone]

Joanne Russell, Director of Investor Relations                    [phone]

Chris Denley, Group Financial Controller                            [phone]

Press Contacts:

Anna Glover, Director of Communications                          [phone]

David Allchurch                                                              [phone]

 

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