Manchester-based global cyber security firm NCC Group plc said it agreed a new four-year £120 million multi-currency revolving credit facility (RCF).

The facility is provided by a syndicate of National Westminster Bank plc, HSBC UK Bank plc, Barclays Bank plc and Santander UK plc.

“The new facility replaces the Group’s previous £162.5m RCF, which had an expiry date of 22 December 2026,” said NCC.

“As of 31 March 2025, the group had net cash of £0.3m following the disposal of Fox Crypto B.V. for €78.5m.

“The new facility is unsecured, with a margin payable above SONIA/SOFR on a ratchet mechanism in the range of 1.35% to 2.35% depending on the level of the Group’s leverage.

“NCC was advised by Alvarez & Marsal Europe LLP, Debt Advisory, Manchester office.”

NCC Group CFO Guy Ellis said: “We would like to thank NatWest and HSBC for their continued support, and we welcome Barclays and Santander to the syndicate.

“This new facility, combined with our net cash position, continues to give NCC Group flexibility to pursue its strategy in 2025 and beyond.”