Fisher (James) & Sons plc Completion of refinancing (8707B)

TIDMFSJ

RNS Number : 8707B

Fisher (James) & Sons plc

07 June 2023

7 June 2023

James Fisher and Sons plc

Completion of refinancing

Further to the announcement of 26 April 2023, James Fisher and Sons plc (FSJ.L) ("James Fisher" or the "Group"), is pleased to confirm that it has signed its new revolving credit facility.

The Group's new GBP210m secured revolving credit facility, which matures in March 2025 (the "RCF"), has been provided by its six existing lenders. The key terms of the RCF are in line with those expected at the time of the announcement in April.

Jean Vernet, Chief Executive Officer, commented:

"We are pleased to have successfully signed our core bank facilities and appreciate the support of our lenders over recent weeks to achieve this. The new RCF provides a solid financial base from which we can continue to execute the transformation strategy outlined at the time of our 2022 Full Year results."

For further information:

 
                                         Chief Executive 
                                          Officer 
 James Fisher and    Jean Vernet          Chief Financial 
  Sons plc            Duncan Kennedy      Officer            020 7614 9503 
                     Richard Mountain 
 FTI Consulting       Susanne Yule                           0203 727 1340 
                    --------------------------------------  -------------- 
 

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June 07, 2023 02:00 ET (06:00 GMT)