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)

Henry Reast

Virginia Bull

0207 597 5970

 


FTI Consulting (Financial PR)

0203 727 1000

Edward Bridges

globaldata@fticonsulting.com

Dwight Burden


Emma Hall


 

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