Announcement of refinancing

Released : 06 Feb 2017 07:00

RNS Number : 0483W
BCA Marketplace PLC
06 February 2017
 

6 February 2017

BCA Marketplace plc

("BCA" or the "Company")

Announcement of refinancing

The Company is pleased to announce that it has agreed a £500m multi-currency financing including a £250m term loan and £250m revolving credit facility.  This agreement will replace the group's existing £275m term loan plus £100m revolving credit facility  and will run for four years with an option for a further 12 months by mutual consent.  The facility has been arranged with a group of 12 banks including existing and new lenders.

Commenting on the announcement, Tim Lampert, Chief Financial Officer, said:

"We are delighted with the outcome of the refinancing process and the strong support from both existing and new lenders. The facilities give us the funding security to develop the business and continue to execute our strategy with confidence."

Enquiries:

BCA Marketplace plc (Investor Relations)
Tim Richmond

 

tim.richmond@bca.com

Bell Pottinger (Financial PR)
David Rydell

 

+44 (0)20 3772 2500

Square1 Consulting (Financial PR)
David Bick

+44 (0)20 7929 5599

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). This announcement has been released by Martin Letza (Company Secretary) on behalf of the Company.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBDGDDXGGBGRU