Cabot Credit Management Ltd announce increase to it's super senior revolving credit facility
February 13, 2015:
Cabot Credit Management Ltd, the UK’s leading acquirer and manager of consumer debt is delighted to announce that it has increased its super senior revolving credit facility from £85m to £195 million, with a further uncommitted accordion of £55 million taking the total facility size to £250m. The new facility will enable Cabot to continue to grow through further debt acquisitions together with investment in it's existing assets.
Chris Ross Roberts, group CFO, said: "the new facility provides us with significant additional fire-power and puts us in a strong position to deliver our growth strategy and enhance value to our shareholders". Cabot was advised on the finance raising by PwC Debt & Capital Advisory and White & Case.