REG - Knights Group Hldgs - New and Extended £70m RCF agreed

Knights groupAnnouncement

09/11/2023 07:00

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RNS Number : 8514S  Knights Group Holdings PLC  09 November 2023

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 464 749

knights@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.

 

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