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On 2 October 2023, YouGov plc signed a new term and revolving credit facility of up to €280 million. This facility comprises a €240 million amortising term loan with a four-year tenor and a €40 million Revolving Credit Facility with a three-year tenor, replacing its existing undrawn £20 million RCF and Acquisition bridge debt facility. The facility will be used to finance the €315 million intended acquisition of GfK SE's Consumer Panel Business, announced on 6 July 2023.
| Date | 2 Oct 2023 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 2671O |
2 October 2023
YouGov plc
("YouGov" or "the Group" or "the Company")
New €280 million term loan facility signed
YouGov, the international online research and data analytics group, is pleased to announce that it has agreed a term and revolving credit facility (the "Facility'") of up to €280 million. The facility is comprised of a €240 million amortising term loan with a tenor of four years and a €40 million Revolving Credit Facility ("RCF") with a tenor of three years (with an option to extend). This Facility replaces the Group's existing £20 million RCF and the Acquisition bridge debt facility, both of which were undrawn and have been cancelled.
On 6 July 2023, YouGov announced the intended acquisition of the Consumer Panel Business of GfK SE, subject to regulatory approval, for a headline purchase price of €315 million (the "Acquisition"). The facility will be used to finance the consideration for the Acquisition and for general corporate purposes that support the Group's long-term growth strategy.
Alex McIntosh, Chief Finance Officer, commented: "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."
Enquiries
|
YouGov plc Tilly Heald, Company Secretary Hannah Jethwani, Investor Relations Director |
020 7012 6000 |
|
FTI Consulting Charles Palmer / Tom Blundell / Jemima Gurney |
020 3727 1000 |
|
Numis Securities (NOMAD and Joint Broker) Nick Westlake / Iqra Amin |
020 7260 1000 |
|
Berenberg (Joint Broker) Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff |
020 3207 7800 |
About YouGov
YouGov is an international online research data and analytics technology group.
Our mission is to offer unparalleled insight into what the world thinks.
Our innovative solutions help the world's most recognised brands, media owners and agencies to plan, activate and track their marketing activities better.
With operations in the UK, the Americas, Europe, the Middle East, India and Asia Pacific, we have one of the world's largest research networks.
At the core of our platform is an ever-growing source of consumer data that has been amassed over our twenty years of operation. We call it Living Data. All of our products and services draw upon this detailed understanding of our 24+ million registered panel members to deliver accurate, actionable consumer insights.
As innovators and pioneers of online market research, we have a strong reputation as a trusted source of accurate data and insights. Testament to this, YouGov data is regularly referenced by the global press, and we are the most quoted market research source in the world.
YouGov. Living Consumer Intelligence.
For further information, visit business.yougov.com