MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Marston's agrees new bank facility

StockMarketWire.com

Marston's has agreed a new bank facility to replace the £257.5m existing facility, which was due to expire in November 2018.

The new facility extended to March 2022 and comprised a £320m loan commitment, with an incremental £40m accordion facility providing additional flexibility, at improved terms.

The new facility would be provided by Barclays, Lloyds, HSBC, Santander and the Bank of Ireland.

CEO Ralph Findlay said the new facility further improved the efficiency of Marston's funding.

"It provides the group with the certainty of long term financing whilst also taking advantage of current low interest rates, enabling Marston's to fulfil its future expansion plans in the most cost effective way possible."





Story provided by StockMarketWire.com