30 May 2023 07:00
30 May 2023
accesso® Technology Group plc
("accesso" or the "Group")
New Banking Facility
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, and cultural markets, today announces the successful agreement of a new banking relationship and facility with HSBC.
This new $40 million revolving credit facility has a four-year term, to May 2027, and is accompanied by a $20 million accordion option which the Group may utilise as it pursues its strategic plan into the mid-term. Numis acted as the debt advisor to the transaction.
The HSBC facility replaces the Group's undrawn £18 million arrangement with Investec from 19 March 2021, which was due to expire in March 2024. This facility has now been cancelled.
Steve Brown, accesso's CEO, commented:
"I'm very pleased to have agreed this new facility with HSBC. We are making excellent progress in delivering our growth plan, and this agreement increases our resilience while enhancing our ability to execute value accretive acquisitions where we see the potential to advance our plan more quickly. I'd like to welcome HSBC as an Accesso partner and thank them for their support."
For further information, please contact:
accesso Technology Group plc | +44 (0)118 934 7400 |
Steve Brown, Chief Executive Officer |
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Fern MacDonald, Chief Financial Officer |
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Numis Securities Limited | +44 (0)20 7260 1000 |
Simon Willis, Hugo Rubinstein |
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Dentons Global Advisors | +44 (0)207 038 7419 |
Adam Davidson, Leah Dudley |
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About accesso Technology Group plc
accesso is the leading global provider of patented and award-winning technology solutions that redefine the guest experience, drive increased revenue, streamline operations, and support data-driven business decisions for leisure & entertainment operators. Currently serving over 1,000 venues in 29 countries, accesso invests heavily in research and development to provide venues with technology that empowers them to deliver unforgettable guest experiences. Staffed by a team of attractions, cultural venue and ski industry veterans, accesso partners with venues to increase their range of on- and off-site guest engagement to drive increased revenue through intuitive ticketing, point-of-sale, virtual queuing, distribution, and experience management technology.
accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. Learn more at accesso.com or follow accesso on Twitter, LinkedIn and Facebook.
Accesso Technology Group (ACSO)