Share Name Share Symbol Market Type Share ISIN Share Description
Electrocomponents Plc LSE:ECM London Ordinary Share GB0003096442 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.00 -1.5% 790.00 790.50 791.00 803.00 788.50 801.00 701,983 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,953.8 199.6 34.7 22.8 3,539

Electrocomponents PLC Refinancing of Group Debt facilities

20/11/2020 10:30am

UK Regulatory (RNS & others)

Electrocomponents (LSE:ECM)
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RNS Number : 9460F

Electrocomponents PLC

20 November 2020

20 November 2020

Electrocomponents plc

Refinancing of Group Debt facilities

Electrocomponents plc (the 'Group') today announces that it has successfully completed the refinancing of its bank facilities with a group of eight existing and new relationship banks. The new facilities will comprise a 3-year Revolving Credit Facility ('RCF') of GBP300 million, with an accordion of up to a further GBP100 million. The maturity of this facility may be extended at the option of the Group for up to two further one-year terms subject to individual lender approval. This facility replaces an existing facility of GBP189 million, with a maturity of August 2022, which will be cancelled. The new facility is on broadly similar terms to the prior one.

This refinancing provides the Group with additional flexibility, extends the maturity of debt and reinforces Electrocomponents' strong financial position. In total, Electrocomponents now has GBP455.3 million of committed debt facilities and loans, excluding lease liabilities, of which GBP300 million are undrawn. This debt capacity excludes the GBP100 million liquidity buffer bank facility which has now been cancelled.

                                                        020 7239 
 David Egan                  Chief Financial Officer     8400 
                                                        020 7239 
 Lucy Sharma                 VP Investor Relations       8427 
 Martin Robinson / Olivia                               020 7353 
  Peters                     Tulchan Communications      4200 

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(END) Dow Jones Newswires

November 20, 2020 05:30 ET (10:30 GMT)

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