Marston’s secures debt facility increase

31st March 2023 | Jack Oliver

Marston’s has secured agreements to increase and extend its debt facilities.

The pub operator’s previous £280m arrangement will be replaced by a £300m revolving credit facility, substantiated by two new banks alongside the group’s previous partners.

Marston’s has also restated its £40m private placement, bringing the total amount of its debt facilities to £340m.

The group said this decision represents progress in its “Back to a Billion” strategy, in which the pub operator looks to achieve £1bn in sales.

In March, the group put 61 pubs up for sale, as it looked to focus on its core estate.


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