GlobalData PLC Increased Banking Facilities (3748N)
19 Mayo 2020 - 07:06AM
UK Regulatory
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
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END
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