McColl's Retail Group plc Completion of refinancing (4219E)

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RNS Number : 4219E

McColl's Retail Group plc

28 February 2020

McColl's Retail Group plc "the Company"

Completion of refinancing

Completion of amendment and maturity extension to bank facilities

Having engaged with our banking syndicate in the latter part of 2019, the Company is pleased to announce that its bank facilities have been successfully amended and extended to a revised maturity date in May 2022.

The amended facility terms will give us more certainty and flexibility to execute our strategic initiatives in 2020, and beyond.

   McColl's Retail Group plc                                Media enquiries: 
   Jonathan Miller, Chief Executive Officer               Headland 
   Robbie Bell, Chief Financial Officer                      Ed Young, Rob Walker, Charlie Twigg 
   [phone]                                        [phone] 

Notes to editors

McColl's is a leading neighbourhood retailer, with an estate of over 1,400 managed convenience stores and newsagents. We operate McColl's branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our dedicated colleagues serve five million customers every week, and we are the largest operator of Post Offices in the UK.

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February 28, 2020 02:00 ET (07:00 GMT)