YouGov PLC - London-based research and data analytics group - Agrees a term loan and a revolving credit facility of up to EUR280 million. This comprises a EUR240 million amortising term loan with a tenor of four years and a EUR40 million revolving credit facility with a tenor of three years with an option to extend. Says this replaces its existing GBP20 million revolving credit facility and the acquisition bridge debt facility, both of which were undrawn and have been cancelled. The new financing will be used to finance the EUR315 million consideration for acquiring the Consumer Panel business of GfK SE, which was announced in early July and subject to regulatory approval. This is alongside for "general corporate purposes that support the group's long-term growth strategy".
Chief Finance Officer Alex McIntosh says: "This new facility will provide additional financing for our proposed acquisition of GfK's Consumer Panel business and provide further firepower for investing in our strategic growth plan. We thank our lenders for their continued support."
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By Greg Rosenvinge, Alliance News reporter
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