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GlobalData PLC - London-based data analytics and consulting company - Agrees new three-year £410 million debt financing facility, which will expire on August 5, 2025, with an option to extend by a year. The facility comprises of a £290 million term loan, which will be used to repay existing debt of £230 million, as well as a revolving credit facility of £120 million. The revolving credit facility is currently undrawn, but will support long term growth, including mergers and acquisitions, it adds.
Chief Executive Officer Mike Danson comments: ‘The new debt facility gives the group additional firepower to execute against its stated mergers and acquisitions 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.’
Current stock price: 1,282.00 pence, up 1.8% on Wednesday
12-month change: down 19%
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