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CCR C&c Group Plc

161.40
3.00 (1.89%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
C&c Group Plc LSE:CCR London Ordinary Share IE00B010DT83 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 1.89% 161.40 161.60 162.60 162.60 158.00 158.00 239,876 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Distilled And Blended Liquor 1.69B 51.9M 0.1324 12.28 637.19M

C&C Group Plc Statement re Refinance of Group bank facilities

13/07/2018 7:00am

UK Regulatory


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TIDMCCR 
 
 

Refinance of Group bank facilities

 

Dublin, London | 13 July, 2018: C&C Group plc ("C&C" or the "Group"), a leading manufacturer, marketer and distributor of branded cider, beer, wines, spirits and soft drinks today announces completion of the refinancing of its Group bank facilities.

 

The Board is pleased to announce that it has completed the refinance and enlargement of its bank facilities with a syndicate of new and existing banks. The new facilities will comprise a 5-year multi-currency RCF facility of EUR450m, and a 3-year Term loan of EUR150m. The margin, covenants and other material terms have been maintained in line with C&C's existing RCF facility. In addition, the Group has increased the facility size of its existing debtor securitisation.

 

Jonathan Solesbury, C&C Group CFO, said: "This transaction secures increased facilities for the enlarged Group with both the flexibility and scope to meet our long term corporate objectives. Following the significant strategic developments we have made, it was pleasing to agree attractive terms on the new facilities both from our long standing banking partners and new lenders to the syndicate."

 

ENDS

 

Contacts

 

C&C Group plcJonathan Solesbury | Chief Financial OfficerJoe Thompson | Head of Investor RelationsTel: +44 7980 844 580Email: Joe.Thompson@candcgroup.com

 

FTI ConsultingMark KennyJonathan NeilanTel: +353 1 765 0800Email: CandCGroup@fticonsulting.com

 

Novella CommunicationsTim RobertsonToby AndrewsTel: +44 203 151 7008Email: TimR@novella-comms.com

 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20180712005831/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

July 13, 2018 02:00 ET (06:00 GMT)

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