Maintel Holdings PLC - London-based cloud and managed service specialist - Agrees new refinancing agreement with HSBC UK for a £26 million facility over a three-year term at least. The new facility with HSBC UK replaces a six-year partnership with NatWest Bank.

The HSBC facility comprises of a £20 million revolving credit facility and £6 million term loan.

‘We are delighted to have signed an agreement with HSBC UK for a minimum three-year term, and look forward to working with our new banking partner as we progress our plans for continued organic growth and investment in new solutions and services,’ said Non-Executive Chair John Booth.

Current stock price: 330.50 pence

12-month change: down 5.6%

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