LSL Property Services Extension To Banking Facility (2698D)

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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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