MARS Marston's Plc

TIDMMARS

RNS Number : 8452U

Marston's PLC

31 March 2023

31 March 2023

MARSTON'S PLC

("Marston's" or "the Group")

Amendment and extension of Bank and Private Placement debt facilities

Marston's is pleased to announce that it has successfully secured an amendment and extension of its bank and Private Placement debt facilities to the end of January 2025.

The revised GBP340 million debt facilities are comprised of a GBP300 million Revolving Credit Facility (the "RCF") with the continued support of all its existing and two new banks, together with a restatement of its current GBP40 million Private Placement (the "PP").

The RCF replaces the Group's existing GBP280 million facility. The facility cost is variable: to be determined by the level of leverage or drawings from time to time alongside changes in the SONIA rate. As previously reported GBP120 million of the facility is hedged.

The Group continues to make progress on its "Back to a Billion" strategy and trading remains in line with our expectations.

The Group will announce Interim Results on 16 May 2023.

ENQUIRIES:

 
 Marston's PLC Tel: 01902 329516     Instinctif Partners Tel: 020 7457 
                                      2010/2005 
 Andrew Andrea, Chief Executive      Justine Warren/Matthew Smallwood 
  Officer 
  Hayleigh Lupino, Chief Financial 
  Officer 
 
 

NOTES TO EDITORS

-- Marston's is a leading pub operator with a 40% holding in Carlsberg Marston's Brewing Company

-- It operates an estate of 1,445 pubs situated nationally, comprising managed, franchised and leased pubs

   --     Marston's employs around 11,000 people 

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END

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March 31, 2023 02:00 ET (06:00 GMT)

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