New Debt Facility

RNS Number : 2902L

Ebiquity PLC

03 July 2014

 



Ebiquity plc

("the Company")

New debt facility

The 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.

The new facility also provides for an accordion option whereby the facility may be increased by up to £20m to a total commitment of £60m.

Michael Greenlees, Ebiquity Group CEO, commented:

We 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.

3 July 2014

Enquiries:

Ebiquity plc	020 7650 9600
Michael Greenlees, CEO Andrew Beach, CFO
Instinctif Partners	020 7457 2020
Matthew Smallwood Jamie Ramsay
Numis Securities	020 7260 1000
Nick Westlake (NOMAD) David Poutney, James Serjeant (Corporate Broker)

 

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