New and Extended £70m RCF agreed
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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 £70m until November 2026, split between HSBC UK, AIB (GB) and NatWest. It replaces the Group's existing £60m facility with HSBC UK, AIB (GB) and Lloyds Bank.
David Beech, CEO of Knights, commented:
"We are pleased to have agreed this new £70m 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."
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