REG - Gateley (Holdings) - New Revolving Credit Facility agreed for £80m

Gateley (Holdings)Announcement

14/04/2025 09:30

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RNS Number : 8793E  Gateley (Holdings) PLC  14 April 2025

14 April 2025

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group")

(AIM: GTLY)

 

New Revolving Credit Facility agreed for £80m to support Gateley's Growth
Strategy

 

Gateley, the professional services group, is pleased to announce that it has
agreed a new revolving credit facility, providing increased flexibility to
Gateley to support future growth and expansion plans.

The facility provides total committed funding of £80m until April 2028 with
options to extend this to April 2030, split equally between Bank of Scotland,
HSBC UK, Barclays and NatWest. The facility, which replaces the Group's
existing £30m facility, also features an uncommitted accordion option for a
further £20m and was coordinated by Bank of Scotland.

Gateley has secured improved terms and conditions when compared to the
existing £30m facility.

Rod Waldie, Gateley Chief Executive Officer, said:

 

"We are delighted to have agreed this new £80m facility with our long-term
supportive banking partners of Bank of Scotland and HSBC UK alongside our new
banking partners of Barclays and NatWest. The facility will provide us with
additional headroom and flexibility to continue with our stated strategy to
grow organically and through acquisitions, further diversifying the Group's
business.  We continue to position ourselves to invest in and grow our
Platforms to provide an increasing breadth of services to our clients.

 

"The aggregation of complementary legal and consultancy services on our four
market-facing Platforms of Corporate, Business Services, People and Property
continues to differentiate Gateley, strengthen our appeal to clients and
enhance our resilience."

 

Enquiries:

Gateley (Holdings) Plc

Neil Smith, Chief Financial Officer Tel: +44 (0) 121 234 0196

Nick Smith, Acquisitions Director and Head of Investor Relations Tel +44 (0)
20 7653 1665

Cara Zachariou, Communications Director Tel +44 (0) 121 234 0074 Mob: +44 (0)
7703 684 946

Panmure Liberum - Nominated adviser and Broker

Nicholas How / Nikhil Varghese Tel: +44 (0) 20 3100 2000

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