REG - GlobalData PLC - £410million Debt Financing Facility

GlobalDataAnnouncement

10/08/2022 07:00

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RNS Number : 4760V  GlobalData PLC  10 August 2022

10 August 2022

 

GlobalData Plc

(AIM: DATA, GlobalData, the Group)

 

£410million Debt Financing Facility

 

GlobalData Plc, the leading provider of industry intelligence, is pleased to
announce that it has agreed a new three year £410million debt financing
facility (the "Debt Facility") which matures on 5 August 2025, with an option
to extend further by a year. The Debt Facility comprises a £290million term
loan, to be used in part to repay existing indebtedness of £230million, as
well as a Revolving Credit Facility ("RCF") of £120million. The RCF is
currently undrawn, but will be used to support long-term growth of the
business, including M&A.

 

Mike Danson, Chief Executive Officer of GlobalData Plc, commented:

 

"The new Debt Facility gives the Group additional firepower to execute against
its stated M&A 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.

 

We thank our existing lenders, who have all extended their support through
participation in this issuance, plus our new lenders in a wider and marquee
lender book."

 

 

ENQUIRIES

 

 GlobalData Plc
 Mike Danson, Chief Executive Officer           0207 936 6400
 Graham Lilley, Chief Financial Officer

 J.P. Morgan Cazenove (Nomad and Joint Broker)  0207 742 4000
 Bill Hutchings
 Mose Adigun

 Panmure Gordon (Joint Broker)                  0207 886 2500
 Erik Anderson
 Alina Vaskina

 Numis Securities (Joint Broker)                0207 260 1000

 Nick Westlake

 Iqra Amin

 FTI Consulting (Financial PR)                  0203 727 1000
 Edward Bridges
 Rob Mindell
 Dwight Burden

 

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