GMG Game Group

 

TIDMGMG 
 
RNS Number : 5444W 
Game Group PLC 
30 July 2009 
 

 
 
 
 
30 July 2009 
 
 
RNS 
 
 
GAME GROUP PLC ("GAME" or the "Group") 
REFINANCED BANK FACILITIES EXTENDED TO JUNE 2012 
 
 
GAME is pleased to announce that on 29 July 2009 the Group signed new borrowing 
arrangements for a GBP175m three year facility maturing in June 2012, replacing 
the GBP125m facility due to expire in May 2010. The facility is with a syndicate 
of five banks, including existing lenders (see note 1). 
 
 
The facility comprises a GBP50m term loan and a GBP125m multi-currency revolving 
credit facility, at a margin range of between 250 and 300 basis points above the 
three month London  Interbank Offered Rate (LIBOR). The new arrangement will 
repay the existing  facility,  and  cover working capital requirements 
and increase financial flexibility for the future. 
 
 
Commenting on the new facility Ben White, Group Finance Director, said: 
 
 
"It is pleasing that the new facilities have been secured from a combination of 
banks with whom we have enjoyed a long term banking relationship such as RBS and 
Barclays, and new lenders that have recognised the Group's leading PC and video 
games proposition both in the UK and internationally. 
 
 
The facilities further enhance an already strong balance sheet profile." 
 
 
The Group will enter a close period on the 31st July 2009 in advance of the 
announcement of the Group's Interim results on the 23rd September 2009. 
 
 
- ends - 
 
 
Note 1: 
The Royal Bank of Scotland Ltd (RBS) - Mandated Lead Arranger & Agent 
Barclays Bank plc - Mandated Lead Arranger 
Lloyds TSB Bank plc 
The Governor and Company of the Bank of Ireland 
Caixa d'Estalvis I Pensions de Barcelona 
 
 
Enquiries: 
The GAME Group plc:     +44 (0)1256 784566 
Ben White, Group Finance Director 
Simon Soffe, Director of IR and Group Communications 
 
 
Brunswick:                     +44 (0)20 7404 5959 
Jonathan Glass 
Nina Coad 
Oliver Hughes 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCCKKKNABKKBON 
 

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