LSL Property Services : Extension To Banking Facility

LSL Property Services plc (LSL)

Extension To Banking Facility

LSL, a leading provider of residential property services incorporating both estate agency and surveying businesses, announces that it has extended the maturity date of its existing £100 million banking facility until May 2022. This replaces the existing maturity date of May 2020.

All other terms of the bank facility, which comprises a £100 million revolving credit facility, remain unchanged and the bank facility continues to be provided by the existing syndicate of four banks: Barclays Bank PLC, HSBC Bank plc, Lloyds Bank Plc and Santander UK Plc.

Ian Crabb, LSL Group Chief Executive Officer, commented:

'We are pleased with the continued support shown by our banking partners. The extended facility supports LSL's strategy of delivering long-term shareholder value by building market leading positions in residential property services through organic growth and selective acquisitions.'

Notes on LSL:

LSL is a leading provider of residential property services to its key customer groups. Services to consumers include: residential sales, lettings, surveying, conveyancing and mortgage, pure protection and general insurance brokerage services. Services to mortgage lenders include: valuations and panel management services, asset management and property management services. For further information, please visit LSL's website: www.lslps.co.uk