Debt Facility Renewal Update
Renewed and extended banking facilities with HSBC comprising £11m RCF, £5.5m accordion and £4m overdraft.
- Revolving Credit Facility £11m
- Accordion £5.5m
- Overdraft facility £4m
- RCF term 3 years
- Expected net debt at year-end £7-8m
- Expected leverage 1.0-1.5x net debt to adjusted EBITDA
Select text to share a quote on X · sign in to keep highlights & notes in your TPX notes
TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on people-powered digital transformation, announces that it has entered into a new agreement to refinance its existing facilities.
Debt Facility
Further to the unaudited preliminary results for the year ended 31 March 2025 ("FY25") and the trading update for the year ending 31 March 2026 ("FY26"), the Company is pleased to announce that it has renewed and extended its existing banking facilities with HSBC (the "Facility").
The facility consists of a £11m Revolving Credit Facility ("RCF") with a £5.5m accordion and a £4m overdraft (renewed annually) for working capital purposes. The new RCF has an initial term of three years and may be extended by one year by mutual agreement, with a further option to extend for an additional year thereafter. The RCF is a Sustainability Improvement Loan with potential margin reduction linked to improvements in the Company's EcoVadis rating.
Management continues to expect net debt to reduce, targeting a year-end range of £7-8m, resulting in reduced leverage of around 1.0-1.5x net debt to adjusted EBITDA, well within the Company's banking covenants.
Bjorn Conway, Chief Executive Officer, commented:
"We continue to remain committed to operational discipline and purpose-led transformation and this new facility with our long-term partner HSBC is just the latest development in our quest for value creation from a financially stable footing."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.