Greencore Group PLC GBP350 million sustainability-linked facility (3897U)
23 Novembre 2023 - 8:00AM
UK Regulatory
TIDMGNC
RNS Number : 3897U
Greencore Group PLC
23 November 2023
Greencore agrees new GBP350 million sustainability-linked
facility
New five-year facility provides significant financial
flexibility
23 November 2023
Greencore Group plc ('Greencore' or the 'Group'), a leading
manufacturer of convenience foods in the UK, announces that it has
agreed a new five-year GBP350 million sustainability-linked
revolving credit facility ('RCF'). The new RCF replaces Greencore's
existing GBP340 million facility and a GBP45 million term loan and
extends the Group's average maturity profile to close to 4.5 years.
The facility has the option of two additional one-year extensions
and includes a GBP100 million accordion feature which provides
further potential financing facilities.
The new RCF incorporates performance targets that are aligned
with Greencore's long-term sustainability strategy.
Dalton Philips, CEO, commented: "Greencore continues to deliver
on its ambition to build a stronger, more efficient business
serving our customers and consumers across the UK. This new
facility provides us with significant new financial flexibility to
deliver on our growth objectives while aligning our financing
arrangements with our sustainability targets."
The RCF is provided by Allied Irish Banks plc, Barclays Bank
Plc, Coöperatieve Rabobank U.A. (trading as Rabobank Dublin),
Danske Bank A/S, Irish Branch, HSBC Continental Europe, The
Governor and Company of the Bank of Ireland. Allied Irish Banks plc
acted as sustainability co-ordinator and Bank of Ireland acted as
agent. Greencore was advised by IBI Corporate Finance.
The Group will announce its full year results on 28 November
2023.
For further information, please contact:
Curtis Armstrong Director of FP&A Tel: +44 (0) 1246 384649
and IR
David Marshall Head of Capital Markets Tel: +353 (0) 1 605 1000
Jonathan Neilan FTI Consulting Tel: +353 (0) 86 231
4135
Nick Hasell FTI Consulting Tel: +44 (0) 203 727
1340
FTI_Greencore@fticonsulting.com
About Greencore
We are a leading manufacturer of convenience food in the UK and
our purpose is to make every day taste better.
We supply all of the major supermarkets in the UK. We also
supply convenience and travel retail outlets, discounters, coffee
shops, foodservice and other retailers. We have strong market
positions in a range of categories including sandwiches, salads,
sushi, chilled snacking, chilled ready meals, chilled soups and
sauces, chilled quiche, ambient sauces and pickles, and frozen
Yorkshire Puddings.
We have 16 world-class manufacturing sites and 17 distribution
centres in the UK, with industry-leading technology and supply
chain capabilities. We generated revenues of GBP1.7bn in FY22 and
employ 13,600 people. We are headquartered in Dublin, Ireland.
For further information go to www.greencore.com or follow
Greencore on social media.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCNKBBBCBDDNDB
(END) Dow Jones Newswires
November 23, 2023 02:00 ET (07:00 GMT)
Grafico Azioni Greencore (LSE:GNC)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Greencore (LSE:GNC)
Storico
Da Giu 2023 a Giu 2024