Swindon-based WH Smith has successfully agreed new bank financing arrangements and launched a bond offering of £325m. WH Smith has separately announced its interim results. 

This will provide £50m of new capacity for WH Smith to fund the opening of about 100 new travel location stores over the next three years and also new growth opportunities. The remainder of the proceeds will be used to partially pay down existing £400m term loans. 

The company has continued to improve its underlying cash burn with a free cash outflow in the six-month period to 28 February.