Agreement of New Bank Facility

RNS Number : 9645J

Wincanton PLC

19 June 2014

 

19 June 2014

WINCANTON PLC

('Wincanton' or 'the Group')

Agreement of New Bank Facility

Wincanton, a leading provider of supply chain solutions in the UK and Ireland, is pleased to announce that it has refinanced its main banking facility for a further five year term through to June 2019, supporting the Group's medium term funding requirements.

The refinancing comprises a new £170 million facility with improved pricing for the Group.  This facility is provided by HSBC, RBS, Barclays, Lloyds and AIB. Taking into account the Group's other financing arrangements, Wincanton has committed facilities available of £300m in total.

Adrian Colman, Group Finance Director, commented

"This refinancing provides a strong platform to support growth over the next five years and considerably extends the maturity profile of the Group's debt. We would like to thank our banking partners for their continued support."

Ends

For further information please contact:

Wincanton plc

Eric Born, Chief Executive                            01249 710 000

Adrian Colman, Group Finance Director

Buchanan

Jeremy Garcia / Gabriella Clinkard               020 7466 5000

 

END

 

 

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