LONDON (dpa-AFX) - Ladbrokes plc (LAD.L) signed new five year facilities with its relationship banks totalling £540 million which will mature in 2016. These replace the existing arrangements which total 560 million pounds and had been due to mature in 2013.
The new facilities provide the business with adequate headroom post redeeming the 131 million pounds bond in July 2012. The Group has a further 225 million pounds bond which matures in 2017. It is anticipated that the new blended rate of interest for the Group would be 7.5% in 2012.
Copyright RTT News/dpa-AFX
© 2011 AFX News
