Glide has completed the refinancing of its existing debt arrangements, including a new capital expenditure facility to support the continued growth of the business.
The five-year bank financing was said to be “oversubscribed”, highlighting strong demand from the banking sector.
Evercore acted as financial adviser to Glide, Addleshaw Goddard served as legal counsel, and PwC conducted the financial, technical and commercial due diligence for the refinancing. Latham & Watkins acted as legal counsel to the banks.
Tim Pilcher, CEO of Glide, said: “This refinancing is a significant milestone for Glide as we position ourselves for future growth.
“The strong interest from the banking community, resulting in an oversubscribed facility, reflects their confidence in our strategy and growth plans.”
