NCC refis amid deal drought

Avast
By Mike Turner
11 Jun 2019

The UK’s NCC Group has renewed its £100m revolving credit facility to stretch out the maturity, as loans bankers say the pipeline is looking bleak at the halfway point of the year.

Cyber security firm NCC’s bank facility now matures in June 2024, instead of November 2020. The deal is on similar terms to the old transaction, the company said.

HSBC, Lloyds and NatWest Markets provided the old financing. 

The deal comes amid a bleak time for many of ...

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