REG - DFS Furniture PLC - £250M NEW CREDIT FACILITIES SIGNED

DFS FurnitureAnnouncement

07/09/2023 07:00

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RNS Number : 6275L  DFS Furniture PLC  07 September 2023

7 September 2023

DFS FURNITURE PLC

£250M NEW CREDIT FACILITIES SIGNED

 

DFS Furniture plc ("DFS" and the "Group"), the market leading retailer of
living room and upholstered furniture in the United Kingdom, is pleased to
announce the successful completion of a new £200m Revolving Credit Facility
("RCF") and £50m issue of US Private Placement ("USPP") notes. Together,
these replace the existing £215m RCF.

The £200m RCF which has been agreed with existing banking partners, will
mature in September 2027 and includes an option to extend a further 16 months
subject to lenders' agreement. The terms of the RCF are in line with the
previous £215m facility and are consistent with those applicable to the £50m
USPP notes. The notes will mature in September 2028 (£25m) and September 2030
(£25m).

John Fallon, the Group's Chief Financial Officer, said "The successful renewal
of our lending facilities is a strong positive endorsement of the confidence
the Group maintains with our long term banking partners and the wider credit
market. It provides additional liquidity over the longer term as well as
flexibility to pursue all our strategic objectives."

 

Enquiries:

DFS (enquiries via Tulchan)

John Fallon (Group CFO)

Liz McDonald (Company Secretary)

Phil Hutchinson (Investor Relations)

investor.relations@dfs.co.uk

 

Tulchan

James Macey-White

Jessica Reid

+44 (0)20 7353 4200

dfs@tulchangroup.com

 

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the
United Kingdom. Our Group purpose is to bring great design and comfort into
every living room, in an affordable, responsible and sustainable manner. We
operate an integrated physical and digital retail network of living room
furniture showrooms and web sites in the United Kingdom and Republic of
Ireland, trading through our leading brands, DFS, Sofology and Dwell. We
attract customers through our targeted and national marketing activities and
our reputation for high quality products and service, breadth of product offer
and favourable consumer financing options. We fulfill orders for our exclusive
product ranges through our own three UK finished goods factories, and through
manufacturing partners located in the UK, Europe and Far East, and delivered
with care through our expert final-mile delivery service "The Sofa Delivery
Company Limited".

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