K3 Capital Group plc
2021
“We are delighted with the support of the finnCap Debt Advisory team in securing our maiden debt facility with a new banking partner. To date, the Group has been supported by its shareholders and its own cash generation in delivering the Board’s vision. The new debt facility represents an important evolution of our capital structure, creating more flexible funding options as we consider further strategic acquisitions, in line with our ongoing growth strategy.”
ANDY MELBOURNE
CFO, K3
K3 Capital Group plc (“K3” or the “Group”), a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to report the Group has secured total available debt facilities of £15m from HSBC through a new £10m committed revolving credit facility with an approved, but uncommitted, accordion facility of up to £5m.
Alistair Hay, Partner & Head of finnCap Debt Advisory: “This transaction represents an important milestone for K3 as they diversify their M&A funding options via the new debt facility. We introduced a local HSBC team to K3 early in the process and are delighted the Bank was able to deliver the desired quantum and structure on attractive terms.”