Endava Announces Completion of New Corporate Revolving Credit Facility
14 Outubro 2019 - 10:25AM
Business Wire
Endava (NYSE: DAVA): On October 12, 2019, Endava plc (the
“Company”) along with Endava (UK) Limited, Endava Inc. (the
“Original Borrowers”) and Endava LLC (together with the Original
Borrowers, the “Original Guarantors”) entered into a new
multicurrency revolving credit facility (the “Multicurrency
Revolving Credit Facility”) with HSBC Bank plc as agent (the
"Agent"), HSBC UK Bank plc, DNB (UK) Limited, Keybank National
Association and Silicon Valley Bank as mandated lead arrangers,
bookrunners and original lenders (the "Mandated Lead Arrangers" and
the “Original Lenders”). The Multicurrency Revolving Credit
Facility is an unsecured revolving credit facility in the amount of
£200 million with an initial period of three years, and it replaces
the existing £50 million secured facility with HSBC UK Bank Plc.
The Multicurrency Revolving Credit Facility also provides for
uncommitted accordion options for up to an aggregate of £75 million
in additional borrowing. The Multicurrency Revolving Credit
Facility is intended to support the Company’s and its subsidiaries'
future capital investments and development activities.
ABOUT ENDAVA PLC:
Endava is a leading next-generation technology services provider
and helps accelerate disruption by delivering rapid evolution to
enterprises. Using distributed enterprise agile at scale, Endava
collaborates with its clients, seamlessly integrating with their
teams, catalysing ideation and delivering robust solutions. Endava
helps its clients become digital, experience-driven businesses by
assisting them in their journey from idea generation to development
and deployment of products, platforms and solutions. It services
clients in the following industries: Payments and Financial
Services, TMT, Consumer Products, Retail, Logistics and Healthcare.
Endava had 5,754 employees as of June 30, 2019 located in offices
in North America and Western Europe and delivery centres in
Romania, Moldova, Bulgaria, Serbia, North Macedonia, Argentina,
Uruguay, Venezuela, and Colombia.
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” 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 and its
subsidiaries' future capital investment 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 September 25, 2019.
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version on businesswire.com: https://www.businesswire.com/news/home/20191014005404/en/
Investor Relations: Laurence Madsen, Endava
investors@endava.com
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