Wetherspoon signs increased refinancing

JD Wetherspoon has signed a £530m four year loan with a syndicate of 11 banks. It increased the size of the deal after it was heavily oversubscribed during syndication.

  • 12 Mar 2010

The UK pub chain signed the deal on Wednesday with an out-of-the-box margin of 240bp. It refinanced a £435m facility due in December. The syndicate comprises new and existing lenders.

BNP Paribas, HSBC, Lloyds Banking Group and Royal Bank of Scotland were coordinators and lead arrangers on the deal.

"This ...

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