Refinancing

RNS Number : 4627Q

Britvic plc

14 April 2009

 



(FOR IMMEDIATE RELEASE)

14th April 2009

Britvic plc ('Britvic')

Refinancing of Committed Bank Facility

Britvic today announces the successful refinancing of its committed bank facility. 

Britvic's committed debt facilities had consisted of an ongoing long-term £229m sterling equivalent US private placement and a six-bank £300m revolving multicurrency facility, the latter maturing in May 2010 and therefore due for refinancing. 

Our new six-bank £283m revolving multicurrency facility will mature in May 2012. Prior to the commencement of this 'forward-start' facility, effective from May 2010, Britvic will have access to increased committed bank facilities of £333m.  

John Gibney, Group Finance Director, commented:

'The successful conclusion to the refinancing is a reflection of our strong relationships with our banking partners and the confidence they have in our trading performance and our strong cash generation.'

For further information please contact:

Investors:
Craig Marks	[phone]
Media:
Tom Buchanan (Brunswick)	[phone]

 

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