Chester-based GB Group (GBG) — a global identity verification, location intelligence and fraud prevention company — announced the successful refinancing of its Revolving Credit Facility (RCF).

The new £175 million RCF has been structured on an unsecured basis and will mature in September 2030, replacing the existing secured facility due to mature in July 2027. In addition, the new RCF contains two optional one-year maturity extension options.

“The facility has been arranged with a syndicate comprising existing and new lending partners, including HSBC Innovation Bank Ltd, National Westminster Bank plc, Barclays Bank plc and Fifth Third Bank, National Association, reflecting their confidence in the Company and its strategy to accelerate growth,” said GB Group.

David Ward, chief financial officer of GBG, said: “I am pleased that we have successfully refinanced our RCF at similar commercial terms to our existing facility but for a longer tenor.

“This secures our capital structure for an extended period while providing enhanced flexibility to support the continued execution of our strategic objectives.”