Statement re Refinance of Group bank facilities

DUBLIN--()--

Refinance of Group bank facilities

Dublin, London | 13 July, 2018: C&C Group plc (“C&C” or the “Group”), a leading manufacturer, marketer and distributor of branded cider, beer, wines, spirits and soft drinks today announces completion of the refinancing of its Group bank facilities.

The Board is pleased to announce that it has completed the refinance and enlargement of its bank facilities with a syndicate of new and existing banks. The new facilities will comprise a 5-year multi-currency RCF facility of €450m, and a 3-year Term loan of €150m. The margin, covenants and other material terms have been maintained in line with C&C’s existing RCF facility. In addition, the Group has increased the facility size of its existing debtor securitisation.

Jonathan Solesbury, C&C Group CFO, said: “This transaction secures increased facilities for the enlarged Group with both the flexibility and scope to meet our long term corporate objectives. Following the significant strategic developments we have made, it was pleasing to agree attractive terms on the new facilities both from our long standing banking partners and new lenders to the syndicate.”

ENDS

Contacts

C&C Group plc
Jonathan Solesbury | Chief Financial Officer
Joe Thompson | Head of Investor Relations
Tel: +44 7980 844 580
Email: Joe.Thompson@candcgroup.com

FTI Consulting
Mark Kenny
Jonathan Neilan
Tel: +353 1 765 0800
Email: CandCGroup@fticonsulting.com

Novella Communications
Tim Robertson
Toby Andrews
Tel: +44 203 151 7008
Email: TimR@novella-comms.com

Short Name: C&C Group Plc
Category Code: STR
Sequence Number: 651371
Time of Receipt (offset from UTC): 20180712T202311+0100

Contacts

C&C Group PLC

Contacts

C&C Group PLC