Fuller, Smith & Turner PLC: New GBP200 million Banking Facilities (1365547)

Fuller, Smith & Turner PLC (FSTA) Fuller, Smith & Turner PLC: New GBP200 million Banking Facilities 01-Jun-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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STRICTLY EMBARGOED

UNTIL 7AM WEDNESDAY 1 JUNE 2022

FULLER, SMITH & TURNER P.L.C.

("Fuller's", the "Company", or the "Group")

New GBP200 million Banking Facilities Fuller's, the premium pubs and hotels business, today announces that it has successfully completed the refinancing of its Group debt facilities of GBP192 million, which were due to mature in February 2023. The new debt facilities consist of a GBP90 million term loan and a GBP110 million Revolving Credit Facility provided by a syndicate of seven banks.

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 GBP119 million drawn, leaving GBP81 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:

Fuller, Smith & Turner P.L.C. 
Simon Emeny, Chief Executive            020 8996 2000 
Neil Smith, Finance Director            020 8996 2000 
Georgina Wald, Corporate Comms Manager  020 8996 2198 
 
Instinctif Partners 
Justine Warren                          020 7457 2010 

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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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June 01, 2022 02:01 ET (06:01 GMT)