GlobalData secures £340m of new debt facilities

(Sharecast News) - Data, analytics, and insights specialist GlobalData announced new debt financing facilities totaling £340m on Thursday, to support its growth transformation plan and enhance its capacity for mergers and acquisitions. The AIM-traded firm said the new financing, set to mature in December 2027 with an optional one-year extension, included separate facilities for the group's healthcare division and its broader operations.

It said the healthcare business facility amounted to £176.6m, comprising a £61.8m acquisition credit facility (ACF) and a £114.8m revolving credit facility (RCF).

The broader group facility totalled £163.4m, with a £44.2m ACF and a £119.2m RCF.

Both facilities included additional uncommitted accordion options, providing up to £98.4m for the healthcare business and £96.6m for the wider group, further boosting the company's financial flexibility.

Alongside existing cash reserves, the facilities were designed to strengthen GlobalData's ability to execute its mergers and acquisitions strategy in alignment with its growth objectives.

"A significant pillar of our growth transformation plan is our commitment to strategic mergers and acquisitions, utilising our One Platform and capabilities to enhance value for our customers and shareholders," said chief executive officer Mike Danson.

"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."

At 1155 GMT, shares in GlobalData were up 0.38% at 185.2p.

Reporting by Josh White for Sharecast.com.