Loan Refinancing
Tialis refinances Digital Petcare loan, converting £500k to 14.4% equity stake and extending £700k debt facility.
- Debt converted to equity £500k
- Equity stake acquired 14.4%
- Debt refinanced £700k
- Loan term 24 months
- Interest rate 12%
- Loan repaid £285k
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Tialis (AIM: TIA), the mid-market IT Managed Services provider, is pleased to announce that they are leading an investment round in Digital Petcare UK Limited ("Digital Petcare"). Following the acquisition of the Digital Petcare loan, as announced on 1 July 2025, Tialis has completed a debt refinancing and decided to back Susie Samuel, founder and CEO of Digital Petcare, with a conversion of debt to equity alongside further investments from shareholders and outside investors. The refinancing is structured as follows:
- £500k has been converted into a 14.4% equity holding in Digital Petcare
- £700k has been refinanced into a new loan over 24 months at the same interest rate of 12%
- £285k of the loan has been repaid
Ian smith said: "Digital Petcare has come a long way with its solution, with a now constant flow of new clients signing up every month and continuing to win market share. With over 1,200 sites now using the platform in the UK the team are focusing on continuing expansion both here in the UK and internationally.
We are delighted to be extending the loan for a further 24 months and to align with the directors and other shareholders."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.