Business
New Debt Facility
New Debt Facility.
About this update from Ebiquity Plc
[{"type":"text","content":"\n \nRNS Number : 2902L Ebiquity PLC 03 July 2014 \n \n\nEbiquity plc\n(\"the Company\")\n \nNew debt facility\n \nThe Company announces that it has entered into a new £40m debt facility with Barclays Bank and The Royal Bank of Scotland. This new facility is to be used to refinance existing debt and also makes funds available for potential strategic acquisitions and working capital requirements. \n \nThe new facility also provides for an accordion option whereby the facility may be increased by up to £20m to a total commitment of £60m.\n \nMichael Greenlees, Ebiquity Group CEO, commented: \n \nWe are delighted with the support we have received from our banks and look forward to working together going forward. The new facility ensures we have the necessary resources in place as we continue our journey to becoming a global leader in data analytics.\n \n3 July 2014\n \nEnquiries: \n \n\n\n\n\nEbiquity plc\n\n\n020 7650 9600\n\n\n\n\nMichael Greenlees, CEO \nAndrew Beach, CFO \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInstinctif Partners\n\n\n020 7457 2020\n\n\n\n\nMatthew Smallwood \nJamie Ramsay \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNumis Securities\n\n\n020 7260 1000\n\n\n\n\nNick Westlake (NOMAD) \nDavid Poutney, James Serjeant (Corporate Broker) \n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAXXAEEDLEFF\n ","length":4132,"tagName":"div"}]