LSL Property Services Extension to banking facility (9976X)
May 12 2016 - 2:00AM
UK Regulatory
TIDMLSL
RNS Number : 9976X
LSL Property Services
12 May 2016
For immediate release 12 May 2016
LSL Property Services plc ("LSL")
Extension to banking facility
LSL, a leading provider of residential property services
incorporating both estate agency and surveying businesses,
announces that it has extended its existing GBP100 million banking
facility until May 2020. This replaces the existing maturity date
of August 2017.
The extended facility comprises a committed GBP100 million
revolving credit facility and incorporates more favourable terms
for LSL. The facility continues to be provided by the existing
syndicate of four banks; Barclays Bank PLC, HSBC Bank plc, Lloyds
Bank Plc and Santander UK Plc.
Ian Crabb, LSL Group Chief Executive Officer, commented:
"We are pleased with the continued support shown by our banking
partners. The extended facility supports LSL's strategy of
delivering long-term shareholder value by building market leading
positions in residential property services through organic growth
and selective acquisitions."
For further information, please contact:
Ian Crabb, Group Chief Executive
Officer
Adam Castleton, Group Chief
Financial Officer
LSL Property Services plc 0207 382 0360
Richard Darby, Sophie McNulty,
Sophie Cowles
Buchanan 0207 466 5000
Notes on LSL:
LSL is a leading provider of residential property services to
its key customer groups. Services to consumers include: residential
sales, lettings, surveying, conveyancing and advice on mortgages
and non-investment insurance products. Services to mortgage lenders
include: valuations and panel management services, asset management
and property management services. For further information, please
visit LSL's website: www.lslps.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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