Endava Announces £350 Million Revolving Credit Facility
09 Febbraio 2023 - 2:11PM
Business Wire
Endava (NYSE: DAVA): Endava plc (“Endava” or the “Company”)
today announced the successful closing of a £350 million unsecured,
multicurrency revolving credit facility (the “Multicurrency
Revolving Credit Facility”). This facility is for general business
purposes, including future capital investments and development
activities.
The Multicurrency Revolving Credit Facility replaced Endava’s
existing £200 million unsecured revolving credit facility which was
due to expire on 12 October 2024. The new Multicurrency Revolving
Credit Facility is with HSBC UK Bank plc, DNB (UK) Limited,
National Westminster Bank plc, Banco Bilbao Vizcaya Argentaria,
S.A., London Branch, KeyBank National Association and Fifth Third
Bank, National Association as mandated lead arrangers, bookrunners
and original lenders with National Westminster Bank plc acting as
agent. The obligations under the Multicurrency Revolving Credit
Facility are guaranteed by Endava and each of Endava (UK) Limited,
Endava Inc., Endava Holding B.V., Endava B.V., Levvel, LLC and
Endava, digitalne rešitve, d.o.o.
The Multicurrency Revolving Credit Facility also provides for
uncommitted accordion options for up to an aggregate of £150
million in additional borrowing and has two renewal options for one
year each.
“This new and increased credit facility is intended to support
Endava’s future capital investments and development activities,
both organic and inorganic,” said Mark Thurston, Endava’s CFO.
ABOUT ENDAVA:
Endava is reimagining the relationship between people and
technology. By leveraging next-generation technologies, our agile,
multi-disciplinary teams provide a combination of product &
technology strategies, intelligent experiences, and world class
engineering to help clients become digital, experience-driven
businesses by assisting them in their journey from idea generation
to development and deployment of products, platforms and solutions.
Endava collaborates with its clients, seamlessly integrating with
their teams, catalysing ideation and delivering robust
solutions.
Endava services clients in Payments and Financial Services, TMT,
Consumer Products, Retail, Mobility and Healthcare. As of September
30, 2022, 12,065 Endavans served clients from locations in
Asia-Pacific, Middle East, North America and Western Europe and
delivery locations in Argentina, Bosnia & Herzegovina,
Bulgaria, Colombia, Croatia, Malaysia, Mexico, Moldova, North
Macedonia, Poland, Romania, Serbia, Slovenia and Uruguay.
Forward-Looking Statements:
This report includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may be identified by the use of
terms and phrases such as “expect,” “plan,” “potential,” “intended”
and other similar terms and phrases. Such forward-looking
statements include, but are not limited to, the statements
regarding the availability of borrowing under the Multicurrency
Revolving Credit Facility and the ability of such borrowings to
support the Company's future capital investments and development
activities. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that could cause actual
results to differ materially from the results anticipated by these
forward-looking statements, including, but not limited to: the
risks and uncertainties discussed in the “Risk Factors” section of
Endava’s Annual Report on Form 20-F filed with the Securities and
Exchange Commission on October 31, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20230208005986/en/
INVESTOR CONTACT: Endava Plc Laurence Madsen, Investor Relations
Manager Investors@endava.com
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