£410million Debt Financing Facility
Source: RNS
10 August 2022
GlobalData Plc
(AIM: DATA, GlobalData, the Group)
£410million Debt Financing Facility
GlobalData Plc, the leading provider of industry intelligence, is pleased to announce that it has agreed a new three year £410million debt financing facility (the "Debt Facility") which matures on 5 August 2025, with an option to extend further by a year. The Debt Facility comprises a £290million term loan, to be used in part to repay existing indebtedness of £230million, as well as a Revolving Credit Facility ("RCF") of £120million. The RCF is currently undrawn, but will be used to support long-term growth of the business, including M&A.
Mike Danson, Chief Executive Officer of GlobalData Plc, commented:
"The new Debt Facility gives the Group additional firepower to execute against its stated M&A 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.
We thank our existing lenders, who have all extended their support through participation in this issuance, plus our new lenders in a wider and marquee lender book."
ENQUIRIES
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GlobalData Plc |
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Mike Danson, Chief Executive Officer |
0207 936 6400 |
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Graham Lilley, Chief Financial Officer |
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J.P. Morgan Cazenove (Nomad and Joint Broker) |
0207 742 4000 |
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Bill Hutchings |
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Mose Adigun |
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Panmure Gordon (Joint Broker) |
0207 886 2500 |
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Erik Anderson |
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Alina Vaskina |
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Numis Securities (Joint Broker) Nick Westlake Iqra Amin
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0207 260 1000 |
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FTI Consulting (Financial PR) |
0203 727 1000 |
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Edward Bridges |
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Rob Mindell |
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Dwight Burden |
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