9th April 2014
McBride PLC
Completion of Refinancing
McBride PLC, Europe's leading provider of Private Label Household and Personal Care products, announces that it has concluded the refinancing of the Group's banking facilities.
The new arrangement provides €205 million comprising:
- €65 million of loan notes issued in the US Private Placement market maturing in November 2020 and April 2022; and
- a €140 million revolving credit facility of five year tenor, at a slight reduction in funding costs and with covenants unchanged, with Barclays, HSBC, KBC and BayernLB.
The new arrangements replace the current committed facility of €175 million which was due to mature in June 2015.
The refinancing provides McBride with a robust funding platform on attractive terms from which to deliver the company's growth plans in the medium term.
For further information please contact: |
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McBride plc |
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Chris Bull, Group Chief Executive |
020 3642 1587 |
Richard Armitage, Group Finance Director |
020 3642 1587 |
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FTI Consulting |
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Ed Bridges, Nick Hasell |
020 3727 1017 |
