IT security company NCC Group has agreed a new four-year multi-currency revolving credit facility (RCF) worth £120m.

The facility also has a £50m uncommitted accordion option, provided by a syndicate of NatWest, HSBC UK, Barclays, and Santander UK.

NCC confirmed that the new RCF will expire on 28 April 2029 and is replacing the group’s previous £162.5m RCF, which had an expiry date of 22 December 2026.

As of 31 March 2025, NCC had net cash of £300,000 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.

Chief financial officer at NCC, Guy Ellis, commented: “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.”

---