Refinancing Discussions

RNS Number : 5576C

Safestore Holdings plc

02 May 2012

 



2 May 2012

Safestore Holdings plc

("Safestore" or the "Company")

Refinancing Discussions

Safestore, the largest self-storage retailer in the UK and Paris, notes speculation in the market in relation to the completion of a private placement of Senior Notes by the Company. 

The Company confirms that it is in advanced discussions in relation to a refinancing of the Company's debt facilities, which mature in August 2013, and it is considering a private placement of Senior Notes as part of this wider review of its financing arrangements.  However, no such transaction has yet been completed.

The Company will update the market further as this review is completed.

ENDS

Enquiries

Safestore Holdings plc                                            020 8732 1500

Peter Gowers, Chief Executive Officer

Richard Hodsden, Chief Financial Officer

Hudson Sandler                                                        020 7796 4133

Nick Lyon / Wendy Baker

Notes to editors:

·	Safestore is the UK's largest self storage group with 133 stores. They include 97 wholly owned stores in the UK and 24 wholly owned stores in the Paris region together with 12 stores under management in the UK.
·	The Company provides storage to almost 45,000 personal and business customers.
·	Safestore (excluding Space Maker) has a maximum lettable area of 5.3 million sq ft (including the expansion pipeline stores) of which 3.19 million sq ft is currently occupied.
·	A strong balance sheet and operational cash flow allow Safestore to invest in continual improvements in the operational performance of its stores, in new store development and acquisitions where appropriate.
·	Safestore employs around 550 people.

 

END

 

 

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