WHSmith refinances £363m lending facilities

15th June 2023 | Michael Pearn

Book and stationary retailer, WHSmith, has finalised the refinancing of its lending facilities, the company said.

It aims to use the facility to extend its global travel business. 

The company said that its £363m lending facility, which includes a a £250m revolving credit facility and a £113m term loan were cancelled and repaid by drawing on a new £400m sustainability linked loan finance facility.

The new lending facility, which is for a five year term with an option to extend to six or seven years, has been provided by a syndicate of banks: Barclays, BNP Paribas, Citi Commercial Bank, Fifth Third, HSBC, JP Morgan, PNC, Santander and SEB, WH Smith said.

Robert Moorhead, group chief financial officer and chief operating officer, said “We are delighted to complete this refinancing. The new facilities, which are on improved terms, support our strategic ambitions to grow our global travel retail business. We look forward to working with our banks to deliver the significant growth opportunities in our global travel retail markets.”


Looking for more retail news? you might find these interesting