New Enlarged Debt Facility

RNS Number : 2234B

Marlowe PLC

10 February 2022

 

10 February 2022

Marlowe plc

("Marlowe", the "Company" or the "Group")

New Enlarged Debt Facility

Marlowe, the leader in business-critical services and software which assure regulatory compliance, announces that it has entered into a new enlarged debt facility.

The new unsecured debt facility replaces Marlowe's existing facility and increases the Group's total committed facility from £130 million to £180 million in addition to a further £60 million of uncommitted accordion.

The facility involves a banking syndicate of six banks and will have an initial three-year term with two optional annual extensions.

The increased debt capacity provided by the new facility will provide further resources as the Group continues to deliver upon its ongoing growth strategy.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
Adam Councell, Chief Financial Officer	[e-mail]
Julian Wais, Head of Investor Relations
Cenkos Securities plc Nominated Adviser and Joint Broker	Tel: [phone]
Nicholas Wells
Ben Jeynes
George Lawson
Joh. Berenberg, Gossler & Co. KG, London Branch Joint Broker	Tel: [phone]
Mark Whitmore
Ben Wright
Dan Gee-Summons
FTI Consulting	Tel: [phone]
Nick Hasell
Alex Le May

About Marlowe plc

Marlowe is a UK leader in business-critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on compliance software, eLearning, health & safety, employment law & HR compliance, fire safety & security, water & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides software to over 1 million users and services to over 25% of Britain's commercial premises. The Group provides customers with a single outsourced, nationwide, provider of a range of regulated compliance and safety solutions. Our customers can be found in office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

 

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