10th Aug 2022 10:32
GlobalData PLC - London-based data analytics and consulting company - Agrees new three-year GBP410 million debt financing facility, which will expire on August 5, 2025, with an option to extend by a year. The facility comprises of a GBP290 million term loan, which will be used to repay existing debt of GBP230 million, as well as a revolving credit facility of GBP120 million. The revolving credit facility is currently undrawn, but will support long term growth, including mergers and acquisitions, it adds.
Chief Executive Officer Mike Danson comments: "The new debt facility gives the group additional firepower to execute against its stated mergers and acquisitions growth strategy over the medium term. Our platform offers a significant opportunity to create shareholder value through strategic acquisitions and it is pleasing to have secured the financing to support this."
Current stock price: 1,282.00 pence, up 1.8% on Wednesday
12-month change: down 19%
By Sophie Rose; [email protected]
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