GoCo switches to bigger loan deal
The UK’s GoCo Group has refinanced its bank debt with £115m of loans, with the insurance and price comparison group more than doubling the size of its revolving credit facility as it looks to fund a new “transformative” strategy.
The borrower, formerly GoCompare.com, has signed a £105m revolving credit facility and a £15m term loan. Both facilities have four year maturities that can be extended by a year. Allied Irish Banks, Bank of Canada, Bank of Ireland and NatWest provided the loan facilities.