Wickes signs RCF as spin-off finally happens
Wickes Group, the UK do-it-yourself retailer, has signed an £80m revolving credit facility, as the company completes its postponed demerger from Travis Perkins.
Bank of Ireland, Barclays, BNP Paribas and NatWest Markets have provided the facility.
The loan is drawable in sterling, dollars and euros. The sterling and dollar margins are linked to Sonia and Sofr, respectively, while euro drawdowns will be benchmarked against Euribor.There has been a notable rise in ...