COMPLETION OF £200M 5 YR REVOLVING CREDIT FACILITY

RNS Number : 8244J

Just Group PLC

03 July 2017

 

NEWS RELEASE	www.justgroupplc.co.uk

3 July 2017

JUST GROUP PLC

COMPLETION OF A £200M FIVE YEAR REVOLVING CREDIT FACILITY

Just Group announces that it has signed an agreement for a Revolving Credit Facility of £200 million, subject to an interest charge of LIBOR plus 150-300b.p. The facility has been made available by a group of three banks (ABN Amro, Barclays, and Natwest Markets) and provides a flexible liquidity source to the Group for the next five years.

Simon Thomas, Just Group's CFO, said:

"I am pleased that we have replaced our previous senior term loan with a Revolving Credit Facility, which is both larger and some 100b.p better priced. This reflects Just's strong balance sheet and the progress we have made over the last year."

Enquiries Investors / Analysts James Pearce, Group Director of Corporate Finance and Investor Relations Telephone: [phone] [e-mail]

Media Stephen Lowe, Group Communications Director Telephone: [phone] [e-mail] Temple Bar Advisory Alex Child-Villiers William Barker Telephone: [phone]

FINANCIAL CALENDAR	DATE
Interim results for the six months to 30 June 2017	13 September 2017

A copy of this announcement will be available on the Group's website www.justgroupplc.co.uk

JUST GROUP PLC

GROUP COMMUNICATIONS

Vale House, Roebuck Close

Bancroft Road, Reigate

Surrey RH2 7RU

 

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