Smiths News, formerly Connect Group plc, secures £120m refinance
· Leading distributor and wholesaler of newspapers and magazines in the UK, distributing to approximately 25,000 customers on a daily basis on behalf of major national and regional publishers · Group renames to Smiths News, reflecting the strong heritage of its underling business and aligning its value creation with its core competencies · The new £120m facility to 2023 will enable the Company to focus on using the surplus free cash flow to reduce net debt and benefit long term interest of shareholdersLONDON: 24/11/20 Smiths News, previously Connect Group plc, has completed the