Public Policy Holding Co Inc - US-based government relations and public affairs group - Enters £17 million credit facility with Bank of America. Says interest rate payable is Bloomberg short-term bank yield index plus 225 basis points. Plans to use funds alongside balance sheet cash to fund the cash element of a substantially and immediately earnings-enhancing acquisition. Recognises importance of using both the equity and debt markets to fund its growth strategy. Adds that the facility facilitates the group’s wider capital allocation policy, which includes the payment of dividends, in a de-risked manner.

Current stock price: 134.00 pence

12-month change: down 7.9%

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