RDI announced the successful early refinancing of its large UK debt facility. The facility has been extended for five years with a club of three banks comprising Barclays, HSBC and RBS. The total facility commitments of £275.0 million include a £137.5 million term loan and a £137.5 million revolving credit facility. The facility is currently drawn to £250.0 million reflecting an anticipated LTV of approximately 47% whilst providing £25.0 million of additional headroom. The majority of the drawn amount has been hedged at an attractive rate and, combined with the ratcheted margin structure, is anticipated to result in a total interest cost of between 3.0% and 3.3%. The revolving credit facility provides significant flexibility in managing the Company's capital and liquidity. This proactive refinancing will extend RDI's weighted average debt maturity to 7.1 years (6.7 years at 31 August 2018) and marginally increase the Company's weighted average interest rate to approximately 3.5% (3.4% at 31 August 2018). The Company's overall loan to value remains broadly unchanged and within the Company's target of 40% - 50%.