REG - Elixirr Intnl PLC - Increase in Debt Facilities to Support M&A

Elixirr InternationalAnnouncement

18/09/2025 15:30

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RNS Number : 9282Z  Elixirr International PLC  18 September 2025

19 September 2025

ELIXIRR INTERNATIONAL PLC

Increase in Debt Facilities to Support M&A Activity

 

Elixirr International plc ("Elixirr", the "Company" or, together with its
subsidiary undertakings, the "Group"), an established, global award-winning
challenger consultancy, is pleased to have agreed an increase in the Group's
revolving credit facility (the "Facility") with National Westminster Bank Plc
from £45 million to £65 million and the option of a US$20.25 million term
loan (the "Loan") to support delivery of the Group's organic and inorganic
growth strategy, whilst limiting equity dilution.

The key terms of the Facility are:

·    £65 million facility with the flexibility to be drawn in multiple
currencies, including Pound Sterling and United States Dollar;

·    unchanged interest rate margin of 1.95 - 2.60 per cent, dependent on
leverage, over SONIA (Sterling Overnight Index Average) or SOFR (Secured
Overnight Financing Rate), dependent on currency;

·    revolving facility, with flexibility to be drawn and repaid, with the
undrawn portion only subject to a commitment fee of 35 per cent of the above
margin;

·    standard leverage and interest cover covenants; and

·    four-year term, with a one-year extension option if mutually agreed.

The key terms of the Loan are:

·    US$20.25 million loan to be drawn in United States Dollar;

·    available to be drawn within one month of signing with no arrangement
fee payable if not drawn;

·    interest rate margin equivalent to the Facility; and

·    quarterly capital repayments commencing in June 2026, with the Loan
fully repaid by June 2027.

 

Stephen Newton, Founder & CEO of Elixirr, commented:

 

"We are pleased to have secured this increase in our debt facilities, which
strengthen our ability to pursue M&A as a core part of our growth strategy
while maintaining discipline around equity dilution and shareholder value."

 

Enquiries:

For enquiries, please refer to the Company's Investor Contacts page:

https://www.elixirr.com/investors/investor-contacts
(https://www.elixirr.com/investors/investor-contacts)

Elixirr International
plc
                               +44 (0)20 7220
5410

Stephen Newton, Chief Executive Officer

Graham Busby, Deputy Chief Executive Officer

Nick Willott, Chief Financial Officer and Company Secretary

investor-relations@elixirr.com (mailto:investor-relations@elixirr.com)

 

Cavendish Capital Markets Ltd (Broker)
 
    +44 (0)20 7220 0500

Stephen Keys, Callum Davidson, Isaac Hooper (Corporate Finance),

Sunila de Silva (ECM)

 

About Elixirr International plc

Elixirr is an award-winning global consulting firm working with clients across
a diverse range of industries, markets and geographies. Founded in 2009, the
firm set out to be the 'challenger consultancy' and do things differently than
the large corporate consultancies dominating the industry: working openly and
collaboratively with clients from start to finish, delivering outcomes based
on innovative thinking, not methodology, and treating each client's business
like their own. Elixirr was quoted on the AIM market of the London Stock
Exchange in 2020 and listed on the Main Market of the London Stock Exchange in
July 2025. In addition to strong organic growth, Elixirr has acquired seven
boutique firms - Den Creative, Coast Digital, The Retearn Group, iOLAP,
Responsum, Insigniam and Hypothesis - to grow the Group's capabilities,
diversify the business, expand into new geographies and access new clients.

 

 

 

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