K3 Capital Group PLC Maiden Debt Facility (5044Z)

TIDMK3C

RNS Number : 5044Z

K3 Capital Group PLC

24 May 2021

K3 CAPITAL GROUP PLC

("K3", the "Company" and including its subsidiaries the "Group")

Maiden Debt Facility

K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to report that the Company has signed its maiden debt facility as a plc.

The Group has secured total available debt facilities of GBP15 million through a new committed revolving credit facility of GBP10 million with an approved but uncommitted accordion facility of up to GBP5 million. The facilities, provided by HSBC Bank plc, are committed for a 3-year initial term and are provided on competitive terms.

Alongside the Company's existing cash reserves and strong ongoing cash generation, the facilities will be used to support the Company's growth ambitions and its declared intention to acquire complementary professional services businesses.

K3 were advised by finnCap Debt Advisory.

John Rigby, K3's CEO, commented:

"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."

For further information, please contact:

 
      K3 Capital Group plc                         Tel: c/o finnCap 020 7220 
                                                    0500 
      John Rigby, Chief Executive Officer          www.k3capitalgroupplc.com 
      Andrew Melbourne, Chief Financial Officer 
 
      finnCap Ltd (Nominated Adviser and Joint     Tel: [phone] 
       Broker) 
      Jonny Franklin-Adams, Emily Watts, Charlie Beeson (Corporate 
       Finance) 
      Tim Redfern, Richard Chambers (Corporate 
       Broking) 
       Alistair Hay, George Ryan-Smith (Debt 
       Advisory) 
      Canaccord Genuity Limited (Joint Broker)     Tel: [phone] 
      Bobbie Hilliam (Corporate Broking) 
       Alex Aylen (Head of Equities) 
 

About K3 Capital

K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas.

Services provided by KBS Corporate, KBS Corporate Finance, Knightsbridge and KBS Capital Markets:

-- Mergers and Acquisitions (M&A) - Company sales, brokerage and corporate finance services to SME's looking to achieve full or partial exit, advising on sales to private, trade, plc, private equity or overseas acquirors. Strategic advisory and valuations, financial due diligence and debt advisory.

Services provided by RandD UK Limited:

-- Research & Development tax credit advisory: advising clients on Research and Development Tax Credit (RDTC) claims.

Services provided by Quantuma Advisory Limited:

-- Restructuring advisory: formal insolvency appointments, informal restructuring advisory, personal insolvency and pension restructuring and insolvency advice.

-- Financial advisory: comprehensive analysis of business performance through business toolkit, independent reviews, stakeholder management and turnaround and interim support.

   --                 Creditor Services: creditor representation and liquidations. 

-- Forensic accounting and expert witness: forensic investigations, intelligence and forensic accounting.

-- Pensions advisory: corporate and trustee advisory, pension scheme restructuring advisory, covenant advisory and expert witness.

The Group's medium-term strategy is to build a wider group of growing and complementary professional services businesses to provide SME's with high quality advice across specialist disciplines.

K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017. Please visit

  www.k3capitalgroupplc.com   for more information. 

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May 24, 2021 02:00 ET (06:00 GMT)