WH Smith PLC announced it has successfully extended its bank financing arrangements with its existing banks. The Group has extended the maturity of its two existing £200m Term Loans to October 2023 and agreed a new minimum liquidity covenant for both the August 2021 and February 2022 covenant tests. The previously agreed covenant waiver for February 2021 remains unchanged. These changes have enabled the Group to cancel its existing £120m liquidity loan which was undrawn and due to expire in November 2021. The Group's £200 million Revolving Credit facility remains unchanged with the current arrangement due for renewal in December 2023.