# Centrica plc  Renewal of Revolving Credit Facilities

- Link: https://www.directorstalkinterviews.com/centrica-plc-renewal-of-revolving-credit-facilities/412767768
- Published: 2019-02-22T09:38:03+00:00
- Author: Charlotte Edwards

**Centrica plc** (LON:CNA) announced today the renewal of a series of bilateral 
Committed Revolving Credit Facilities with 21 banks with an initial maturity date
of February 2024 in the aggregate amount of £4.2bn. This replaces the majority of
the Company’s existing Revolving Credit Facilities which were due to expire in 2021.
These new five-year facilities have two separate one-year extension options exercisable
by mutual consent on the first and second anniversary of the facility. Accordingly,
the facilities have a maximum duration of seven years.

> **Chris O’Shea, Centrica Executive Director and Group Chief Financial Officer,
> said:** “We are pleased to confirm the renewal of our Revolving Credit Facilities.
> Following the successful completion of our liability management programme last
> year, this positions the Company’s balance sheet well for the future.”

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