Whitbread, the leisure group, has extended its existing £650m syndicated bank facility, extending its maturity by two years to 4 November 2018 and introducing an option to extend it by a further two years beyond that date.
The facility pricing is unchanged, said the company.
Nicholas Cadbury, group finance director, said: “We are delighted by the continuing support of our core relationship banks for this maturity extension of our loan facility which, together with our private placement notes, meets the medium term funding needs of the group to support our growth programme.”
