News Column

Ebiquity Secures Refinancing As It Hints At Potential Acquisitions

July 3, 2014

Samuel Agini

LONDON (Alliance News) - Ebiquity PLC Thursday said that it has secured a new GBP40.0 million debt facility with Barclays Bank PLC and Royal Bank of Scotland PLC, in a move to refinance its debt and make funds available for potential acquisitions and working capital.

Ebiquity said that the new facility includes a term known as an 'accordion option' which means it can be increased by up to GBP20.0 million.

"The new facility ensures we have the necessary resources in place as we continue our journey to becoming a global leader in data analytics," Chief Executive Michael Greenlees said in a statement.

Ebiquity shares were Thursday quoted flat at 120.5 pence.

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Source: Alliance News

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