Go Compare owner in £120m refinancing
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
Owner of Go Compare, GoCo Group has completed the refinancing of its bank facilities with a group of existing and new banks.
The new facilities will consist of a four year revolving credit facility of £105m and four year term loan of £15m making the total amount of refinancing £120m.
Both the credit facility and loan can be extended for a further year. According to the group, the refinancing offers additional flexibility.
Nick Wrighton, CFO of GoCo Group, affirmed: “The agreement secures an
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