Future PLC New bank facility (9545P)
February 14 2019 - 1:00AM
UK Regulatory
TIDMFUTR
RNS Number : 9545P
Future PLC
14 February 2019
14 February 2019
Future plc
New bank facility
Future plc (LSE: FUTR; "Future"), the global platform for
specialist media, is pleased to announce the signing of a new GBP90
million multicurrency Revolving Credit Facility ("RCF"). The RCF,
which replaces Future's existing debt facilities, has an initial
maturity of February 2023 and includes an incremental uncommitted
GBP45 million accordion, providing additional flexibility. The RCF
has improved terms on the existing debt facilities and is being
provided by HSBC, Natwest and Bank of Ireland.
Enquiries:
Future plc 01225 442244
Zillah Byng-Thorne, Chief Executive Officer
Penny Ladkin-Brand, Chief Financial Officer
Instinctif Partners 020 7427 1412
Kay Larsen / Chantal Woolcock
About Future:
Future is a global platform business for specialist media with
diversified revenue streams.
The Media division is high-growth with three complementary
revenue streams: eCommerce, events and digital advertising. It
operates in a number of sectors including technology, games, music,
home interest, hobbies and B2B and its brands include TechRadar, PC
Gamer, Tom's Guide, Homebuilding & Renovating Show,
GamesRadar+, The Photography Show, Top Ten Reviews, Live Science,
Guitar World, MusicRadar, Space.com and Tom's Hardware.
The Magazine division focuses on publishing specialist content,
with over 80 publications and over 520 bookazines published per
year, totalling global circulation of 1.3 million. The Magazine
portfolio spans technology, games and entertainment, music,
creative and photography, hobbies, home interest and B2B. Its
titles include Classic Rock, Guitar Player, FourFourTwo,
Homebuilding & Renovating, Digital Camera, Guitarist, How It
Works, Total Film, What Hi-Fi? and Music Week.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGUACPUPBPGW
(END) Dow Jones Newswires
February 14, 2019 02:00 ET (07:00 GMT)
Future (LSE:FUTR)
Historical Stock Chart
From Apr 2024 to May 2024
Future (LSE:FUTR)
Historical Stock Chart
From May 2023 to May 2024