Knights Group Holdings PLC New and Extended GBP70m RCF agreed (8514S)
09 Novembro 2023 - 4:00AM
UK Regulatory
TIDMKGH
RNS Number : 8514S
Knights Group Holdings PLC
09 November 2023
Knights Group Holdings plc
("Knights" or the "Company")
New and Extended GBP70m Revolving Credit Facility agreed
Knights, a fast-growing legal and professional services business
in the UK, is pleased to announce that it has agreed a new extended
revolving credit facility with HSBC UK, Allied Irish Bank (GB)
("AIB (GB)") and NatWest.
The facility provides total committed funding of GBP70m until
November 2026, split between HSBC UK, AIB (GB) and NatWest. It
replaces the Group's existing GBP60m facility with HSBC UK, AIB
(GB) and Lloyds Bank.
David Beech, CEO of Knights, commented:
"We are pleased to have agreed this new GBP70m facility with
HSBC UK, AIB (GB), and NatWest. It provides us the headroom and
flexibility to continue to execute our strategy, scale our business
and accelerate organic growth, complemented by selective
acquisitions."
Ends
Enquiries
Knights
David Beech, CEO Via MHP Communications
Numis (Nomad and Broker)
Stuart Skinner, Kevin Cruickshank 020 7260 1000
MHP Group (Media enquiries)
Katie Hunt, Eleni Menikou 07736 464 749
knights@mhpgroup.com
Notes to Editors
Knights is a fast-growing, legal and professional services
business, ranked within the UK's top 50 largest law firms by
revenue. Knights was one of the first law firms in the UK to move
from the traditional partnership model to a corporate structure in
2012 and has since grown rapidly. Knights has specialists in all
key areas of corporate and commercial law so that it can offer
end-to-end support to businesses of all sizes and in all sectors.
It is focussed on key UK markets outside London and currently
operates from 23 offices located in Birmingham, Brighton, Bristol,
Carlisle, Cheltenham, Chester, Exeter, Kings Hill, Leeds,
Leicester, Lincoln, Manchester, Newbury, Newcastle-upon-Tyne,
Nottingham, Oxford, Portsmouth, Sheffield, Stoke, Teesside,
Weybridge, Wilmslow and York.
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END
MSCUWOBROOUARAA
(END) Dow Jones Newswires
November 09, 2023 02:00 ET (07:00 GMT)
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