Global analytics software business First Derivatives has extended its bank facilities of £130m (€1480m). Global analytics software business First Derivatives has extended its bank facilities of £130m (€1480m). The term loan and the revolving loan facility will have an interest rate for the first 12 months of LIBOR plus 2.75pc. Following this, an interest rate ratchet will apply from LIBOR plus 2pc to LIBOR plus 3pc depending on the level of debt relative to earnings. This represents an improvement on current terms where the interest rate payable varies from LIBOR plus 2.25pc to LIBOR plus 3.5pc.

Source: Irish Independent February 06, 2019 07:41 UTC