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IN BRIEF: Gateley receives new GBP30 million revolving credit facility

19th Apr 2022 14:42

Gateley Holdings PLC - Birmingham-based legal and professional services group - Agrees on a new revolving credit facility with the Bank of Scotland PLC and HSBC UK. The facility provides total committed funding of GBP30 million until April 2025, split equally between Bank of Scotland and HSBC UK. It replaces its GBP8 million overdraft facilities with same lenders. Says the funds will provide headroom to grow organically and through acquisitions.

Current stock price: 208.50 pence, down 1.2% on Tuesday

12-month change: up 18%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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