YouGov PLC New EUR280 million term loan facility signed (2671O)
02 October 2023 - 5:00PM
UK Regulatory
TIDMYOU
RNS Number : 2671O
YouGov PLC
02 October 2023
2 October 2023
YouGov plc
("YouGov" or "the Group" or "the Company")
New EUR280 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 EUR280
million. The facility is comprised of a EUR240 million amortising
term loan with a tenor of four years and a EUR40 million Revolving
Credit Facility ("RCF") with a tenor of three years (with an option
to extend). This Facility replaces the Group's existing GBP20
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 EUR315 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
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END
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