StockMarketWire.com - Price comparison service GoCo said it had completed the refinancing of its bank facilities, with a group of existing and new banks.

The new facilities would comprise a four-year revolving credit facility of £105m and four-year term loan of £15m, both with an option to extend for a further year.

'The agreement secures an increased and more flexible facility, providing the group with capacity to deliver against its strategy of accelerating the customer numbers in its AutoSave business whilst maintaining a disciplined cost of customer acquisition,' chief financial officer Nick Wrighton said.

At 1:57pm: [LON:GOCO] Gocompare.com Group Plc share price was -1.9p at 101.9p



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