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 08 August 2007
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ROYAL MAIL LOAN FACILITIES

On the 26th March 2007 the Secretary Of State confirmed via written statement finalisation of the new financing framework for Royal Mail. The agreed package will allow the company to embark on an investment programme so that it can transform its effectiveness and secure the efficiency improvements required under the latest regulatory settlement.

Part of this framework includes debt facilities of £900m to be provided by Government on commercial terms (this package replaces and increases a package agreed in 2002 for borrowing facilities of £844m). These new debt facilities are further supplemented by a £300m shareholder loan, also to be provided on commercial terms.

Related DTI Press Notice
8th February 2007 - Government agrees financing framework for Royal Mail

Related DTI Written Ministerial Statements
26th March 2007 - Royal Mail Financing

8th February 2007 - Royal Mail Financing

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