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IMB Imperial Brands Plc

1,857.00
9.50 (0.51%)
Last Updated: 12:52:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Imperial Brands Plc LSE:IMB London Ordinary Share GB0004544929 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  9.50 0.51% 1,857.00 1,856.00 1,857.00 1,865.00 1,851.00 1,853.50 389,837 12:52:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 32.48B 2.33B 2.6392 7.03 16.36B

Imperial Brands Agrees $3.9 Billion Loan

31/03/2020 7:56am

Dow Jones News


Imperial Brands (LSE:IMB)
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By Anthony O. Goriainoff

 

Imperial Brands PLC said Tuesday that it has agreed to a new 3.5 billion euro ($3.87 billion) loan to provide the business with committed bank financing until March 2023.

The tobacco company--which houses Winston cigarettes, rolling tobacco Golden Virginia and rolling paper Rizla among its brands--said the new facility replaces its existing 3 billion pound ($3.72 billion) facility. The facility is currently undrawn and underpins the liquidity position of the business, the company added.

"The new facility was coordinated by NatWest, Santander and SMBC and is provided by a syndicate of 20 banks," it said.

Imperial said there has been no material effect on the group's performance to date from the coronavirus pandemic, and current trading remains in line with expectations.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

March 31, 2020 02:41 ET (06:41 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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