REG - Accesso Technology - New Banking Facility

accesso TechnologyAnnouncement

30/05/2023 07:15

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RNS Number : 8863A  Accesso Technology Group PLC  30 May 2023

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
 Fern MacDonald, Chief Financial Officer

 Numis Securities Limited                 +44 (0)20 7260 1000
 Simon Willis, Hugo Rubinstein

 Dentons Global Advisors                  +44 (0)207 038 7419
 Adam Davidson, Leah Dudley

 

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 (http://www.accesso.com/)  or
follow accesso on Twitter (https://twitter.com/accessotech) , LinkedIn
(https://www.linkedin.com/company/accesso/)  and Facebook
(https://www.facebook.com/accessoTechnologyGroup/) .

 

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