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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wh Smith Plc | LSE:SMWH | London | Ordinary Share | GB00B2PDGW16 | ORD 22 6/67P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
8.00 | 0.68% | 1,181.00 | 1,189.00 | 1,194.00 | 1,193.00 | 1,166.00 | 1,170.00 | 343,594 | 16:35:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Retail Stores, Nec | 1.79B | 79M | 0.6035 | 19.77 | 1.56B |
TIDMSMWH
RNS Number : 6003C
WH Smith PLC
14 June 2023
WH SMITH PLC
The global travel retailer
14 June 2023
Completion of bank refinancing with new long term GBP400m
sustainability linked facility
WH Smith PLC is pleased to announce that it has completed the refinancing of the Group's existing GBP363m lending facilities.
The Group's existing GBP363m lending facilities, consisting of a GBP250m revolving credit facility ('RCF') and a GBP113m term loan have been cancelled and repaid. This repayment is funded by drawings under new facilities consisting of a GBP400m RCF (the 'New RCF'). The New RCF is a sustainability linked loan finance facility.
The New RCF is for a five year term with two uncommitted extension options of one year each, which would, subject to lender approval, extend the tenor of the New RCF to six or seven years, if exercised. The New RCF is provided by a syndicate of banks: Barclays, BNP Paribas, Citi Commercial Bank, Fifth Third, HSBC, JP Morgan, PNC, Santander and SEB.
Robert Moorhead, Group Chief Financial Officer and Chief Operating Officer, commented:
"We are delighted to complete this refinancing. The new facilities, which are on improved terms, support our strategic ambitions to grow our global travel retail business. We look forward to working with our banks to deliver the significant growth opportunities in our global travel retail markets."
Enquiries:
WH Smith PLC Investor Relations Mark Boyle Media Relations 07879 897687 Nicola Hillman 01793 563354 Brunswick Tim Danaher 020 7404 5959
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(END) Dow Jones Newswires
June 14, 2023 02:00 ET (06:00 GMT)
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