Compliance with forward start

RNS Number : 4309G

Wolseley PLC

01 February 2010

 



Wolseley plc - Confirmation of compliance
with conditions of forward start facility

At the time of the capital raising on 6 March 2009, Wolseley announced a €1 billion forward start debt facility, a condition of which was that it should obtain two credit ratings by 31 January 2010. Wolseley confirms that it has fully complied with this condition.
 

Wolseley has decided not to publish the credit ratings at this time in the absence of any commercial benefit from publication.  In addition, the Company does not need to access the debt capital markets at present given Wolseley's continued strong cash generation and considerable headroom in existing banking facilities with a long maturity profile. 

Enquiries:

Analysts/Investors:
Derek Harding	[phone]
Director of Group Strategy and Investor Relations	[phone]
Media:
Mark Fearon	[phone]
Director of Corporate Communications
Brunswick:
Andrew Fenwick / Kate Miller	[phone]

About Wolseley

Wolseley plc is the world's largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe.  Group revenue for the year ended 31 July 2009 was approximately £14.4 billion and operating profit, before exceptional items and the amortisation and impairment of acquired intangibles, was £447 million.  At 31 January 2010 Wolseley had around 51,000 employees operating in 25 countries namely: UK, USA, France, Canada, Italy, The Netherlands, Switzerland, Austria, Czech Republic, Hungary, Luxembourg, Denmark, Sweden, Finland, Norway, Slovak Republic, Poland, Romania, San Marino, Panama, Puerto Rico, Trinidad & Tobago, Mexico, Barbados and Greenland.  Wolseley is listed on the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies.

 

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