Experian secures new five-year revolving credit facility

11th Dec 2018 14:22

(Sharecast News) - Credit checking firm Experian has secured a new five-year revolving credit facility totalling $1.95bn.The new facility extends the maturity of its committed funding. It re-finances existing facilities of $2.06bn, which were due to mature in 2020 and 2021 and have now been cancelled.The facility was self-arranged by Experian and has been provided by a group of thirteen international banks.The key covenants are unchanged from the facilities which are being replaced.The news comes a day after Experian announced the acquisition of South African credit bureau and information services business, Compuscan, for around $263m.At 1420 GMT, the shares were up 1.8% to 1,881p.