Redcentric eyes acquisitions with new £100m banking facilities

Redcentric has completed the refinancing of its Group debt facilities, consisting of an £80m Revolving Credit Facility and a £20m accordion facility.

The new backing provides additional liquidity to be used for working capital and to fund acquisitions.

CFO David Senior (pictured), said: “The ongoing support from top tier global financial institutions is a clear endorsement of our plans and gives us the firepower to further execute on our stated growth strategy."

The facilities are provided by a group consisting of NatWest, Barclays, Bank of Ireland and Silicon Valley Bank. 

The New Facility has an initial maturity date of 26 April 2025 with options to extend by a further one or two years. The previous facility was due to mature on 30 June 2022.

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