S4 Capital Says Recent Revenue and Gross Profit Exceeded Expectations



By Joe Hoppe

S4 Capital PLC said on Monday that revenue and gross margin in May and June had exceeded expectations and had hired a consortium of banks for a new loan.

The digital advertising company said that since its last update detailing the first four months of 2021, activity has continued at unprecedented levels, driven by the post-pandemic global economic rebound and accelerating changes in digital marketing.

Like-for-like sales and gross profit growth continued at levels above company expectations, and it said it was in the early planning stages to expand its business to a third practice area around technology services, while expanding and deepening its practices in the Americas and Asia-Pacific.

The company has engaged Credit Suisse Group AG, HSBC Holdings PLC and Barclays PLC as lead arrangers for a guaranteed term loan of 375 million euros ($ 442.7 million) over seven years.

It also engaged Credit Suisse, HSBC, Barclays, JPMorgan Chase & Co. and BNP Paribas SA to refinance its existing term loans of € 25 million and € 28.9 million and its multi-currency facilities of € 35 million. euros and 43.5 million euros and provide 200 million pounds ($ 275.4 million) for general corporate purposes, including funding the cash element of future mergers.

Write to Joe Hoppe at joseph.hoppe@wsj.com



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