iomart Group refinances its debt

iomart Group plc has completed a debt refinancing. The Group has a clear strategic vision and the enlarged debt facility is a key contributor to its future growth.

iomart Group plc is a cloud computing and IT managed services business providing hybrid cloud infrastructure, network connectivity, security, and digital workplace capability. Its products enable customers to connect, secure and scale anywhere, anytime, with a 400-strong team that can design and deploy the right cloud solution for its customers.

The debt advisory team at Oaklins Cavendish, based in the UK, successfully completed the refinancing of iomart. Whilst larger than the previous facility, the new revolving credit facility provides the group with materially enhanced operational flexibility and – given the introduction of four new lenders – significant firepower to provide further lending commitments.