StockMarketWire.com - Just Group has signed an agreement for a revolving credit facility of £200m, subject to an interest charge of LIBOR plus 150-300b.p.

It said the facility had been made available by a group of three banks (ABN Amro, Barclays, and Natwest Markets) and provided a flexible liquidity source for the next five years.

Chief financial officer Simon Thomas said: "I am pleased that we have replaced our previous senior term loan with a revolving credit facility, which is both larger and some 100b.p better priced.

"This reflects Just's strong balance sheet and the progress we have made over the last year."




At 9:37am: [LON:JUST] Just Group Plc Ord 10p share price was +1.1p at 128.4p



Story provided by StockMarketWire.com