7 June 2023
James Fisher and Sons plc
Completion of refinancing
Further to the announcement of 26 April 2023, James Fisher and Sons plc (FSJ.L) ("James Fisher" or the "Group"), is pleased to confirm that it has signed its new revolving credit facility.
The Group's new £210m secured revolving credit facility, which matures in March 2025 (the "RCF"), has been provided by its six existing lenders. The key terms of the RCF are in line with those expected at the time of the announcement in April.
Jean Vernet, Chief Executive Officer, commented:
"We are pleased to have successfully signed our core bank facilities and appreciate the support of our lenders over recent weeks to achieve this. The new RCF provides a solid financial base from which we can continue to execute the transformation strategy outlined at the time of our 2022 Full Year results."
For further information:
James Fisher and Sons plc | Jean Vernet Duncan Kennedy | Chief Executive Officer Chief Financial Officer | 020 7614 9503 |
FTI Consulting | Richard Mountain Susanne Yule | | 0203 727 1340 |
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