REG - TPXimpact Holdings - Debt Facility Renewal Update

Tpximpact HoldingsAnnouncement

Wed 07:00

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RNS Number : 0639T  TPXimpact Holdings PLC  30 July 2025

TPXimpact Holdings PLC

("TPXimpact", the "Group" or the "Company")

Debt Facility Renewal Update

 

TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company
focused on people-powered digital transformation, announces that it has
entered into a new agreement to refinance its existing facilities.

 

Debt Facility

Further to the unaudited preliminary results for the year ended 31 March 2025
("FY25") and the trading update for the year ending 31 March 2026 ("FY26"),
the Company is pleased to announce that it has renewed and extended its
existing banking facilities with HSBC (the "Facility").

The facility consists of a £11m Revolving Credit Facility ("RCF") with a
£5.5m accordion and a £4m overdraft (renewed annually) for working capital
purposes. The new RCF has an initial term of three years and may be extended
by one year by mutual agreement, with a further option to extend for an
additional year thereafter. The RCF is a Sustainability Improvement Loan with
potential margin reduction linked to improvements in the Company's EcoVadis
rating.

Management continues to expect net debt to reduce, targeting a year-end range
of £7-8m, resulting in reduced leverage of around 1.0-1.5x net debt to
adjusted EBITDA, well within the Company's banking covenants.

 

Bjorn Conway, Chief Executive Officer, commented:

"We continue to remain committed to operational discipline and purpose-led
transformation and this new facility with our long-term partner HSBC is just
the latest development in our quest for value creation from a financially
stable footing."

 

Enquiries:

 TPXimpact Holdings                Via Alma Strategic

 Bjorn Conway, CEO

 Noel Douglas, CFO

 Stifel Nicolaus Europe Limited   +44 (0) 207 710 7600

 (Nomad and Joint Broker)

 Fred Walsh

 Brough Ransom

 Ben Good

 Dowgate Capital Limited          +44 (0) 203 903 7715

 (Joint Broker)

 James Serjeant

 Russell Cook

 Amber Higgs
 Alma Strategic Communications    tpx@almastrategic.com

 (Financial PR)                   +44 (0) 203 405 0209

 Josh Royston

 Andy Bryant

 Louisa El-Ahwal

 

About TPXimpact

We believe in a world enriched by people-powered digital transformation.
Working in collaboration with organisations, we're on a mission to accelerate
positive change and build a future where people, places and the planet are
supported to thrive.

Led by passionate people, TPXimpact works closely with its clients in agile,
multidisciplinary teams; challenging assumptions, testing new approaches and
building confidence and capabilities. Combining our rich heritage with
expertise in human-centred design, data, experience and technology, we work to
create sustainable solutions with the flexibility to learn, evolve and change.

The business is being increasingly recognised as a leading alternative digital
transformation provider to the UK public services sector, with over 90% of its
client base representing public services.

More information is available at www.tpximpact.com.

 

 

 

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