ELIXIRR INTERNATIONAL
PLC
("Elixirr" or the
"Group")
Revolving Credit Facility to
Support M&A
Elixirr International plc
(AIM:ELIX), an established, global award-winning, challenger
consultancy, is pleased to have agreed a £45m revolving credit
facility (the "Facility") with National Westminster Bank Plc to
support delivery of the Group's organic and inorganic growth
strategy, whilst limiting equity dilution.
The key terms of the Facility
are:
· £45m
revolving credit facility with the flexibility to be drawn in
multiple currencies, including Pound Sterling and United States
Dollar;
· Interest rate
at a margin of 1.95%-2.60%, 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% of
the above margin;
·
Standard leverage and interest
cover covenants; and
· Four-year term, with a one-year extension option if mutually
agreed.
Graham Busby, Chief Financial
Officer and Head of M&A commented:
"We are pleased to have put in place
a revolving credit facility with NatWest, which, together with the
Group's strong cash generation, significantly enhances our ability
to deploy capital and accelerate future acquisitions whilst
effectively managing equity dilution."
Enquiries:
For enquiries, please refer to our
Investor Contacts page:
https://www.elixirr.com/investors/investor-contacts
Elixirr International plc
+44 (0)20 7220 5410
Stephen Newton, Chief Executive
Officer
Graham Busby, Chief Financial
Officer
investor-relations@elixirr.com
Cavendish Capital Markets Ltd (Nominated Adviser & Joint
Broker) +44 (0)20 7220
0500
Stephen Keys, Callum Davidson
(Corporate Finance),
Sunila De
Silva (ECM)
Investec Bank plc (Joint Broker)
+44 (0) 20 7597
4000
Carlton Nelson, Henry Reast
(Corporate Broking)
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 has
been quoted on the AIM market of the London Stock Exchange since
2020. In addition to strong organic growth, Elixirr has acquired
six boutique firms - Den Creative, Coast Digital, The Retearn
Group, iOLAP, Responsum and Insigniam - to grow the Group's
capabilities, diversify the business, expand into new geographies
and access new clients.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of
MAR.
