Completion of a refinancing
Summary by AI BETAClose X
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Embargoed until 7.00 a.m. |
27 March 2026 |
GB GROUP PLC
("GBG", the "Group" or the "Company")
Completion of a refinancing
Today, GBG, a global identity technology business enabling safe and rewarding digital lives, is pleased to announce the successful refinancing of its Revolving Credit Facility ("RCF"). The new £175 million RCF has been structured on an unsecured basis and will mature in September 2030, replacing the existing secured facility due to mature in July 2027. In addition, the new RCF contains two optional one-year maturity extension options.
The facility has been arranged with a syndicate comprising existing and new lending partners, including HSBC Innovation Bank Ltd, National Westminster Bank plc, Barclays Bank plc and Fifth Third Bank, National Association, reflecting their confidence in the Company and its strategy to accelerate growth.
David Ward, Chief Financial Officer of GBG, commented: "I am pleased that we have successfully refinanced our RCF at similar commercial terms to our existing facility but for a longer tenor. This secures our capital structure for an extended period while providing enhanced flexibility to support the continued execution of our strategic objectives."
GBG expects to release its full year trading update for the year ended 31 March 2026 on Wednesday, 22 April.
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For further information, please contact:
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About GB Group plc ("GBG")
GBG is a global identity technology business, enabling safe and rewarding digital lives for genuine people, everywhere.
For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.
We provide mission-critical services that protect against digital crime, strengthens business resilience and drives responsible growth, at scale, across a diverse range of sectors. Today, our team of over 1,000 people serve more than 20,000 customers globally.
GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index. Further information on our business can be found on our corporate website: www.gbgplc.com
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