REG - GlobalData PLC - New £340m debt financing facilities

GlobalDataAnnouncement

19/12/2024 07:00

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RNS Number : 6640Q  GlobalData PLC  19 December 2024

19 December 2024

 

 

GlobalData Plc

 

Financing Update

 

New £340m debt financing facilities

 

 

GlobalData Plc ('GlobalData' or the 'Group'), a leading data, analytics, and
insights platform, today announces new Financing Facilities, providing further
M&A firepower to enable execution against the Growth Transformation Plan.

 

The Group is pleased to announce that it has agreed total new debt financing
facilities of £340million (the "Facilities"), which mature in December 2027
(with an option to extend further by a year). The Facilities comprise of a
£176.6million facility for our Healthcare business as well as a separate
£163.4million facility for the rest of the Group. The Healthcare facility is
made up of a £61.8million Acquisition Credit Facility ("ACF") and a
£114.8million Revolving Credit Facility ("RCF"), with the Group Facility
comprising a £44.2million ACF and a £119.2million RCF. Each Facility also
has an additional optional uncommitted Accordion Facility of £98.4m
(Healthcare) and £96.6m (Group). The Facilities, in addition to cash on the
balance sheet, give the Group significant firepower to enable the continued
execution of its M&A strategy.

 

Mike Danson, CEO of GlobalData PLC, commented: "A significant pillar of our
Growth Transformation Plan is our commitment to strategic M&A, utilising
our One Platform and capabilities to enhance value for our customers and
shareholders. I am pleased that we have secured financing facilities that give
us the ability to execute against our M&A strategy and I would like to
thank our new supportive lending group that have demonstrated confidence in
our business model and plan."

 

 

ENQUIRIES

 

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

 J.P. Morgan Cazenove (Nomad, Joint Broker)  0203 493 8000
 Bill Hutchings
 Mose Adigun

 Panmure Liberum (Joint Broker)              0203 100 2000
 Rupert Dearden
 Dougie McLeod

 Investec Bank plc (Joint Broker)            0207 597 5970

 Henry Reast

 Virginia Bull

 FTI Consulting (Financial PR)               0203 727 1000
 Edward Bridges                              globaldata@fticonsulting.com
 Dwight Burden
 Emma Hall

 

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