05 Jul 2012
Holidaybreak secures £230m refinancing deal
BY Pete Hayman
Holidaybreak, the education, leisure and activity group, has secured a new £230m, three-year facility to refinance its existing debts and provide support for future growth plans.
Barclays, HSBC, Lloyds Banking Group, the Royal Bank of Scotland and Santander are the syndicate of five banking groups which have agreed to provide the refinancing.
Holidaybreak incorporates four divisions - education, camping, hotel breaks and adventure, with its education activities delivering more than half of group profits in the last two years.
Neil Bright, the group's finance director, said: "We are pleased to have put in place a competitive funding structure with a strong group of relationship banks who have supported the company for many years."
Details: www.holidaybreak.co.uk
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