FULLERS SMITH & TURNER PLC Fuller, Smith & Turner PLC: New £200 million Banking Facilities
Transparency directive : regulatory news
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Fuller, Smith & Turner PLC (FSTA)
STRICTLY EMBARGOED UNTIL 7AM WEDNESDAY 1 JUNE 2022
FULLER, SMITH & TURNER P.L.C. (“Fuller’s”, the “Company”, or the “Group”) New £200 million Banking Facilities
The new facilities have an initial maturity date of 31 May 2026 with an option to extend by a further year. The facilities are unsecured, and the borrowing cost of the facilities is determined by the level of Company leverage. The initial borrowing cost is 285 basis points over SONIA, which is a significant improvement to the cost of the existing debt facilities.
The new facilities are £119 million drawn, leaving £81 million of undrawn facilities available to support the future growth of the business.
The Company will provide a comprehensive trading and strategy update at its Full Year results announcement for the year ended 26 March 2022 on 9 June 2022.
-Ends- For further information, please contact:
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| ISIN: | GB00B1YPC344 |
| Category Code: | MSCH |
| TIDM: | FSTA |
| LEI Code: | 213800C7ACOFMRCQQW76 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 165314 |
| EQS News ID: | 1365547 |
| End of Announcement | EQS News Service |
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