18th Sep 2025 18:16
(Alliance News) - Elixirr International PLC on Thursday said it has agreed to increase its debt facilities to support activity in mergers and acquisitions.
The London-based management consulting firm said it has agreed an increase in its revolving credit facility with National Westminster Bank PLC, to GBP65 million from GBP45 million.
The company also has the option of a USD20.3 million term loan to support delivery of its organic and inorganic growth strategy.
The facility will be drawn in multiple currencies, including sterling and the dollar. The interest rate margin, between 1.95% and 2.60% over the sterling overnight index average or secured overnight financing rate, is unchanged.
The undrawn portion of the RCF is only subject to a commitment fee of 35% of the margin. It has a four-year term, with a one-year extension option if mutually agreed.
The loan has to be drawn in dollars, and is available to be drawn within one month of signing, with no arrangement fee payable if it is not drawn.
It has an equivalent interest rate margin to the facility, with quarterly capital repayments starting in June 2026 to be fully repaid by June 2027.
"We are pleased to have secured this increase in our debt facilities, which strengthens our ability to pursue M&A as a core part of our growth strategy while maintaining discipline around equity dilution and shareholder value," said Chief Executive Officer Stephen Newton.
Shares in Elixirr International closed up 0.7% at 820.00 pence in London on Thursday.
By Michael Hennessey, Alliance News reporter
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