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Marston’s agrees new bank facility
20/03/2017 - 09:22
Marston’s has announced that it has agreed a new bank facility that extends to March 2022 and comprises of a £320 million loan commitment.
Written by Andrew McClean
Ralph Findlay, CEO, said: "This new facility further improves the efficiency of our 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.”
The pub operator and brewer’s current bank facility was due to expire in November 2018. The new facility will be provided by Barclays, Lloyds, HSBC, Santander and the Bank of Ireland.