Refinancing Agreement

Smiths News

02/05/2024 07:16

Smiths News PLC  SNWS.L :
    * REFINANCING AGREEMENT
    * SIGNED A REFINANCING AGREEMENT TO REPLACE ITS CURRENT
SENIOR
FINANCE AGREEMENT, WHICH WAS DUE TO MATURE ON 31 AUGUST 2025
    * SMITHS NEWS-NEW REFINANCING AGREEMENT WITH TWO OF CO'S
EXISTING
LENDING SYNDICATE, SANTANDER AND HSBC COMPRISES A £40 MILLION
REVOLVING CREDIT FACILITY
    * SMITHS NEWS - AGREEMENT REMOVES THE EXISTING CAP ON
DIVIDENDS
AND DISTRIBUTIONS, WHICH WAS PREVIOUSLY CAPPED AT £10 MILLION
PER FINANCIAL YEAR

Source text for Eikon:  ID:nRSB8783Ma 
Further company coverage:  SNWS.L