plan.com has secured new senior debt facilities to support and accelerate the growth of its business. The deal, co-arranged by Barclays Corporate Banking in Manchester and Santander Corporate & Commercial Banking, will fund future organic growth as well as targeted M&A activity.
Greg Doran, Northern head of TMT, led the transaction for Barclays Corporate Banking and Charlotte Lees and Ian Henry led the transaction for Santander UK. Support and advice was provided to plan.com regarding the transaction by Clearwater International, by a team which included Mark Taylor, David Grassby, Dan Shrimpton and Dom Moir.
Neil Kelly (pictured), chief financial officer at plan.com, said, “Completing this transaction via a completely remote process, during a global pandemic, really illustrates the strength of our business and is a very positive indicator of market confidence in our sector. Notwithstanding the uncertainty in the global economy, there are opportunities for growth, and this represents a bright future for plan.com.”
The company said the refinancing transaction will allow the business to continue its growth trajectory, enhance its existing SAAS platforms such as ‘my.plan’, further develop its Hosted offering and support a targeted acquisition strategy in the future.
plan.com said its omnichannel communications connectivity has helped UK businesses deal with the Covid-19 pandemic. That connectivity is delivered through the company’s suite of mobile, fixed-line, broadband, Hosted and internet of things (IoT) solutions.
These offerings are all supported and managed via the company’s single, proprietary ‘my.plan’ platform. The ‘my.plan’ platform offers customers and partners proactive and real-time management of their communications.