LSL Property Services Extension To Banking Facility (2698D)
January 30 2018 - 2:00AM
UK Regulatory
TIDMLSL
RNS Number : 2698D
LSL Property Services
30 January 2018
For immediate release 30 January 2018
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 the maturity date of its existing
GBP100 million banking facility until May 2022. This replaces the
existing maturity date of May 2020.
All other terms of the bank facility, which comprises a GBP100
million revolving credit facility, remain unchanged and the bank
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 0207 382 0360
plc
David Rydell, Richard Darby, Sophie
Wills
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 mortgage, pure
protection and general insurance brokerage services. 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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