GlobalData Regulatory News (DATA)

19 May 2020

GlobalData Plc

Increased Banking Facilities

GlobalData plc (the "Group"), is pleased to announce that it has agreed to increase its current banking facilities with NatWest, HSBC and Bank of Ireland, extending the current maturity to April 2023, (previously April 2022).

Furthermore, the new arrangements increase the total committed facility to £145.5 million (previously £100 million), plus a further uncommitted accordion facility of £75m. The committed facility comprises a term loan of £50 million and a revolving credit facility of £95.5 million.

The new banking arrangements, together with cash reserves, give the Group liquidity in excess of £100m, to provide funding for further acquisitions.

Mike Danson, Chief Executive Officer of GlobalData, commented:

"We are very pleased to have received such strong support from our existing lenders, to whom we have been able to showcase the strength and defensibility of our model, even during these uncertain times. We look forward to pursuing a more active M&A strategy with the enhanced capabilities that the additional facility provides."