For immediate release |
12 May 2016 |
LSL Property Services plc ("LSL")
Extension to banking facility
LSL, a leading provider of residential property services incorporating both estate agency and surveying businesses, announces that it has extended its existing £100 million banking facility until May 2020. This replaces the existing maturity date of August 2017.
The extended facility comprises a committed £100 million revolving credit facility and incorporates more favourable terms for LSL. The facility continues to be provided by the existing syndicate of four banks; Barclays Bank PLC, HSBC Bank plc, Lloyds Bank Plc and Santander UK Plc.
Ian Crabb, LSL Group Chief Executive Officer, commented:
"We are pleased with the continued support shown by our banking partners. The extended facility supports LSL's strategy of delivering long-term shareholder value by building market leading positions in residential property services through organic growth and selective acquisitions."
For further information, please contact:
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Ian Crabb, Group Chief Executive Officer |
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Adam Castleton, Group Chief Financial Officer |
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LSL Property Services plc |
0207 382 0360 |
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Richard Darby, Sophie McNulty, Sophie Cowles Buchanan |
0207 466 5000 |
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Notes on LSL:
LSL is a leading provider of residential property services to its key customer groups. Services to consumers include: residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products. Services to mortgage lenders include: valuations and panel management services, asset management and property management services. For further information, please visit LSL's website: www.lslps.co.uk
