WPP extends $420m debt facilities ahead of half year financial results

WPP AUNZ has renewed and extended its debt facilities, totalling $420m, ahead of Thursday’s release of the advertising holding group’s half year financial results.

The debt facilities are spread across a syndicate of four banks, and include a $270m three year facility and a $150m rolling annual working capital facility. The extension sees the maturity of the $270m facility extended from June 2021 to August 2023.

The $150m working capital facility was renewed in May from June 2020 to June 2021, and has now been renewed again to August 2021.