TIDMDATA

RNS Number : 3748N

GlobalData PLC

19 May 2020

19 May 2020

GlobalData Plc

Increased Banking Facilities

GlobalData plc (the "Group"), is pleased to announce that it has agreed to increase its current banking facilities with NatWest, HSBC and Bank of Ireland, extending the current maturity to April 2023, (previously April 2022).

Furthermore, the new arrangements increase the total committed facility to GBP145.5 million (previously GBP100 million), plus a further uncommitted accordion facility of GBP75m. The committed facility comprises a term loan of GBP50 million and a revolving credit facility of GBP95.5 million.

The new banking arrangements, together with cash reserves, give the Group liquidity in excess of GBP100m, to provide funding for further acquisitions.

Mike Danson, Chief Executive Officer of GlobalData, commented:

"We are very pleased to have received such strong support from our existing lenders, to whom we have been able to showcase the strength and defensibility of our model, even during these uncertain times. We look forward to pursuing a more active M&A strategy with the enhanced capabilities that the additional facility provides."

 
 ENQUIRIES: 
 
  GlobalData Plc                              0207 936 6400 
 Mike Danson, Chief Executive Officer 
  Graham Lilley, Chief Financial Officer 
 
 N+1 Singer                                   0207 496 3000 
 James Maxwell 
 Justin McKeegan 
 Hudson Sandler                               0207 796 4133 
 Nick Lyon 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCKKCBKBBKDQPD

(END) Dow Jones Newswires

May 19, 2020 08:06 ET (12:06 GMT)

Globaldata (LSE:DATA)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Globaldata.
Globaldata (LSE:DATA)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Globaldata.