Last checked at 19 Apr 2017 14:10
19 April 2017
GlobalData Plc
New Banking Facilities
GlobalData (the "Group") is pleased to announce a new £75.0 million, 5 year, committed banking facility. The committed facility consists of a £30.0 million term loan to replace the existing facilities held with The Royal Bank of Scotland, plus a revolving credit facility of £45.0 million. In addition to the committed £75.0 million, the Group will also have available a £25.0 million accordion facility providing significant additional funding capability for future investment.
The banking arrangements provide the Group with significant available liquidity to fund potential future acquisitions. The facilities have been provided by The Royal Bank of Scotland, HSBC and Bank of Ireland.
Commenting on the new facilities, Bernard Cragg, Executive Chairman said:
"The new facilities provide the Group with enhanced liquidity which gives us greater flexibility to look at potential acquisitions in the future. We are very pleased to have received such strong support from both our existing bank, The Royal Bank of Scotland, and our new lenders."
ENQUIRIES
GlobalData Plc |
0207 936 6400 |
Mike Danson, Chief Executive | |
Simon Pyper, Group Financial Officer | |
N+1 Singer | 0207 496 3000 |
James Maxwell | |
James White | |
Hudson Sandler Nick Lyon | 0207 796 4133 |