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Gateley (Holdings) PLC announced on 14 April 2025 that it has agreed a new £80m revolving credit facility. This facility is committed until April 2028, with options to extend to April 2030, and is split equally between Bank of Scotland, HSBC UK, Barclays, and NatWest. It replaces the Group's existing £30m facility and includes an uncommitted accordion option for a further £20m, coordinated by Bank of Scotland.
| Date | 14 Apr 2025 |
| Time | 09:20:28 |
| Category | Miscellaneous |
| ID | 8793E |
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