28th Apr 2025 13:10
NCC Group PLC - Manchester, England-based cybersecurity company - Agrees a new four-year GBP120 million multi-currency revolving credit facility with a GBP50 million uncommitted accordion option, provided by a syndicate of National Westminster Bank PLC, HSBC UK Bank PLC, Barclays Bank PLC and Santander UK PLC. This replaces NCC's previous GBP162.5 million facility, which was due to expire December 22, 2026. The new facility will expire April 28, 2029.
"We would like to thank NatWest and HSBC for their continued support, and we welcome Barclays and Santander to the syndicate. This new facility, combined with our net cash position, continues to give NCC Group flexibility to pursue its strategy in 2025 and beyond," says Chief Financial Officer Guy Ellis.
NCC has net cash of GBP300,000 as of March 31, following the disposal of Fox Crypto BV for EUR78.5 million.
Current stock price: 147.60 pence, up 5.3% in London on Monday afternoon
12-month change: up 8.5%
By Emily Parsons, Alliance News reporter
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