CVS Group plc announced that it has arranged a renewal of its bank facilities previously repayable on 23 November 2021, including an extension of the facilities to 31 January 2024. As part of this renewal, the Group has reduced its total bank facilities from £195 million to £175 million, reflecting the continued focus on organic growth and the strong operating cash generation of the Group. The new syndicated facilities are provided by four banks (Nat West, HSBC, Bank of Ireland and AIB) and comprise of elements; A fixed term loan of £85 million, repayable on 31 January 2024 via a single bullet repayment; and a four year revolving credit facility of £85 million to 31 January 2024. In addition, the Group has a £5.0 million overdraft facility renewable annually.