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MJ Hudson Group PLC (MJH)

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Wednesday 14 April, 2021

MJ Hudson Group PLC

Senior Debt Facility

RNS Number : 3680V
MJ Hudson Group PLC
14 April 2021
 

 

RNS Release: 14.4.2021

 

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

Senior Debt Facility

 

MJ Hudson secures five-year, revolving credit facility with Santander

 

MJ Hudson, the integrated solutions provider to the asset management industry, is pleased to announce it has entered into a five-year financing agreement with Santander UK PLC.

 

The financing comprises a facility of up to £17.5m, with repayment due in 2026. There is an option to extend this amount over time, on an uncommitted basis. The facility will be used to finance the Group´s M&A pipeline, regulatory capital requirements and general corporate needs. In the short term, the funds will also replace existing loans which total approximately £3m.

 

 

Peter Connell CFO of the Group said:  

 

"I am very pleased to announce our new senior debt facility. We considered a number of credit-approved offers from lenders as we prepare for our next phase of growth. We chose Santander to be our debt partner, having reviewed the options with our adviser. Santander's superior offer allowed for both flexibility and growth, reflecting our position as a UK quoted company, with international reach. We look forward to working with the team, who displayed a detailed understanding of the business, our M&A strategy, the longevity of our customer contracts, and the stability inherent in our diversified business model."

 

 

For further information contact:

 

MJ Hudson Group plc

Matthew Hudson, CEO

Peter Connell, CFO

Andrew Walsh, IRO

Katherine Hazelden, PR Director

 

 

Many Waters Capital Limited (Debt adviser)

 

David McCaig

Richard Addington

 

 

Cenkos Securities (NOMAD)

 

Giles Balleny

Stephen Keys

Callum Davidson

 

 

 

+44 20 3463 3200

 

 

 

+44 7437 479 434

 

 

 

+44 20 7397 8900

Buchanan (PR Adviser)

Stephanie Watson

Kim Looringh-van Beeck

+44 20 7466 5000

 

 

 

 

 

 

About MJ Hudson

 

MJ Hudson is a one-stop-shop for advice, outsourcing, and analytics for the US$100 trillion+ asset management industry, with a focus on its fastest growing segment, alternative assets (which includes private equity, venture capital, hedge funds and real estate.

 

As outlined at IPO in December 2019, our strategy is to scale up through both organic growth and through M&A, adding complementary products and services and extending our geographic reach. This growth is supported by the continuing trend towards outsourcing; the growing need for specialist advice (as regulation in asset management proliferates); and the underlying expansion of the alternative assets subsector.    

 

Founded in 2010 by CEO Matthew Hudson (a lawyer and former alternative assets fund manager), we have grown quickly to now support more than 1,000 clients, including 18 of the FTSE 100. Our business is transatlantic, with clients clustered around the major asset management centres of Europe and North America. Our team of 230 works out of 10 offices in those same centres.

 

For more information please visit our website: investors.mjhudson.com

 

Linkedin: www.linkedin.com/company/mj-hudson/

Twitter: www.twitter.com/MJHudsonCorp

 

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018."

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