Group secures new $50 million credit facility

Finance News Group has announced the closing of a new credit facility with Wells Fargo Bank, National Association in the principal amount of $50 million, comprised of a $25 million revolving credit facility and a $25 million term loan facility.

The new Credit Facility matures on March 19, 2027, and, subject to approval by Wells Fargo, may be incrementally increased by up to $10 million in the aggregate. The credit facility is expected to be used for general corporate purposes, to settle deferred consideration, and to fund potential growth opportunities.

Elias Mark, Chief Financial Officer of Group, commented, “We have established a track record of successful execution on our growth initiatives that are delivering consistently strong revenue, Adjusted EBITDA and cash flow growth.

This new credit facility enhances our already strong balance sheet and liquidity thereby providing additional financial flexibility as we pursue both organic and inorganic growth opportunities that can further scale the business and generate incremental value for our shareholders.”