25 May 2012
Revolving Credit Facility Signed
Dixons Retail plc, Europe's leading specialist electrical retailer and services company, today announces that it has agreed a £300 million Revolving Credit Facility with its syndicate of lending banks. The agreement effectively extends the Groups current facility, which was due to mature next year, until 30 June 2015.
In line with the Group's expected requirements and objectives, the facility will reduce in size over its life to £200 million by September 2014. This facility provides the appropriate level of committed financing for the Group's needs and the financial covenants have been slightly relaxed, reflecting the Group's improving cash generation.
The Group remains on track to redeem its £160 million 6.125% Bonds due 15 November 2012.
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For further information
David Lloyd-Seed,
IR & Corporate Affairs Director, Dixons Retail
01727 205065
Ian Ladd,
Group Treasurer, Dixons Retail
01727 204526
Mark Webb,
Head of Media Relations, Dixons Retail
01727 205019
Tom Burns, Nick Cosgrove
Brunswick
020 7404 5959