Last checked at 9 Nov 2023 07:00
Knights Group Holdings plc
("Knights" or the "Company")
New and Extended £70m 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 £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."
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 749knights@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.