New Committed Bank Facilities

 

 

Grafton Group plc

 

New Committed Bank Facilities

 

Grafton Group plc, the Builders Merchanting and DIY Group with operations in the UK, Ireland and Belgium is pleased to announce that it has signed new five year revolving credit facilities with its relationship banks.  The bilateral multicurrency facilities total £460m and have a maturity date of May 2019.  The refinancing takes advantage of improved lending conditions and will lead to annualised finance charge savings based on current drawings of circa £3m per annum.  The increased facilities provide Grafton with additional headroom as the Group continues to execute its growth strategy.

 

 

 

For further information please contact:

 

Grafton Group plc                  +353 1 216 0600

David Arnold                            Chief Financial Officer

 

MHP Communications          +44 20 3128 8100 

James White

 

Murray Consultants              +353 1 498 0300

Joe Murray