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WH Smith PLC - Swindon, England-based retailer - Completes issue of £200 million US private placement notes and secures a three-year, £120 million bank term loan. Says it issued USSP notes on investment grade terms, with maturity of 7, 10 and 12 years. Notes that its bank term loan has 2 uncommitted extension options, which could see it extend to four and five years. Adds that it is being provided by a syndicate of lenders including Fifth Third Bank National Association, HSBC UK Bank PLC, Banco Santander SA and Skandinaviska Enskilda Banken AB. Also retains existing £400 million revolving credit facility which matures in 2029, with one-year extension option. Chief Financial Officer Max Izzard says: ‘We are pleased to have successfully completed our refinancing, which includes our first US Private Placement and a new bank term loan. The refinancing strengthens our balance sheet, extends our debt maturity profile, and diversifies our capital structure. It also gives the group access to a new debt investor base in the future, and we are pleased to have the continuing support of our banking partners.’ Current stock price: 1,077.00, up 1.3% on Tuesday morning in London. 12-month change: down 14% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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