Caledonia has completed a refinance of Park Holidays, the UK's third largest caravan holiday park operator with parks concentrated in the south of England. The debt facilities were raised entirely from Park's pre-existing syndicate of the five major UK clearing banks.

Park Holidays has performed well since Caledonia's acquisition in November 2013. The refinance will enable a distribution to all shareholders which, coupled with dividends received to date, will return c.48% of Caledonia's original investment.

Caledonia will continue to partner with Park's management team to grow the business organically and through investing in new sites.

The successful performance of Park Holidays is indicative of Caledonia's model of investing in established businesses to build long term value whilst paying a growing dividend.

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Caledonia Investment plc issued this content on 2016-01-08 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-08 10:58:55 UTC

Original Document: http://www.caledonia.com/news/article/caledonia-refinances-park-holidays