10 Aug 2022 07:00
10 August 2022
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GlobalData Plc
(AIM: DATA, GlobalData, the Group)
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£410million Debt Financing Facility
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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.
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Mike Danson, Chief Executive Officer of GlobalData Plc, commented:
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"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.
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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."
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ENQUIRIES
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GlobalData Plc | |
Mike Danson, Chief Executive Officer | 0207 936 6400 |
Graham Lilley, Chief Financial Officer | |
J.P. Morgan Cazenove (Nomad and Joint Broker) | 0207 742 4000 |
Bill Hutchings | |
Mose Adigun | |
Panmure Gordon (Joint Broker) | 0207 886 2500 |
Erik Anderson | |
Alina Vaskina | |
Numis Securities (Joint Broker) Nick Westlake Iqra Amin  | 0207 260 1000 |
FTI Consulting (Financial PR) | 0203 727 1000 |
Edward Bridges | |
Rob Mindell | |
Dwight Burden |
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