GlobalData PLC New Banking Facilities (7559C)

TIDMDATA

RNS Number : 7559C

GlobalData PLC

19 April 2017

GlobalData Plc

New Banking Facilities

GlobalData (the "Group") is pleased to announce a new GBP75.0 million, 5 year, committed banking facility. The committed facility consists of a GBP30.0 million term loan to replace the existing facilities held with The Royal Bank of Scotland, plus a revolving credit facility of GBP45.0 million. In addition to the committed GBP75.0 million, the Group will also have available a GBP25.0 million accordion facility providing significant additional funding capability for future investment.

The banking arrangements provide the Group with significant available liquidity to fund potential future acquisitions. The facilities have been provided by The Royal Bank of Scotland, HSBC and Bank of Ireland.

Commenting on the new facilities, Bernard Cragg, Executive Chairman said:

"The new facilities provide the Group with enhanced liquidity which gives us greater flexibility to look at potential acquisitions in the future. We are very pleased to have received such strong support from both our existing bank, The Royal Bank of Scotland, and our new lenders."

 
 ENQUIRIES 
 
  GlobalData Plc                           0207 936 6400 
 Mike Danson, Chief Executive 
 Simon Pyper, Group Financial Officer 
 
 N+1 Singer                                0207 496 3000 
 James Maxwell 
 James White 
 
 Hudson Sandler 
  Nick Lyon                                0207 796 4133

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April 19, 2017 09:10 ET (13:10 GMT)

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