Endava gets £350 million new multicurrency revolver

By Mary-Katherine Stinson

Lexington, Ky., Feb. 9 – Endava plc entered a replacement £350 million multicurrency revolving credit facility, according to a press release.

The revolving facility provides for an uncommitted accordion option up to £150 million and two one-year renewal options.

The new facility is with HSBC UK Bank plc, DNB (UK) Ltd., National Westminster Bank plc, Banco Bilbao Vizcaya Argentaria, SA, London Branch, KeyBank NA and Fifth Third Bank, NA as mandated lead arrangers, bookrunners and original lenders with National Westminster Bank plc acting as agent.

The facility is guaranteed by Endava and Endava (UK) Ltd., Endava Inc., Endava Holding BV, Endava BV, Levvel, LLC and Endava, digitalne restive, d.o.o.

Proceeds will be used for general business purposes including future capital investments and development activities.

The new revolver replaces the existing £200 million facility which would have expired Oct. 12, 2024.

The London-based company is a technology services provider.

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