Last checked at 3 Jul 2014 07:00
Ebiquity plc
("the Company")
New debt facility
The Company announces that it has entered into a new £40m debt facility with Barclays Bank and The Royal Bank of Scotland. This new facility is to be used to refinance existing debt and also makes funds available for potential strategic acquisitions and working capital requirements.
The new facility also provides for an accordion option whereby the facility may be increased by up to £20m to a total commitment of £60m.
Michael Greenlees, Ebiquity Group CEO, commented:
We are delighted with the support we have received from our banks and look forward to working together going forward. The new facility ensures we have the necessary resources in place as we continue our journey to becoming a global leader in data analytics.
3 July 2014
Enquiries:
Ebiquity plc | 020 7650 9600 |
Michael Greenlees, CEO Andrew Beach, CFO | |
Instinctif Partners | 020 7457 2020 |
Matthew Smallwood Jamie Ramsay | |
Numis Securities | 020 7260 1000 |
Nick Westlake (NOMAD) David Poutney, James Serjeant (Corporate Broker) |