The Group has a committed syndicated bank revolving credit facility of £1.325bn set to mature on 29 September 2017.
This facility contains only one financial covenant being the ratio of earnings before interest, tax, depreciation, amortisation and rents payable to interest plus rents payable. The Group also has a number of undrawn uncommitted facilities available to it. At the balance sheet date a sterling equivalent of £81m was drawn under the committed facilities and £nil was drawn under the uncommitted facilities.
|September 2017||Syndicated revolving credit facility||£1.325bn|