The facility agreement will be used to support the company’s capital requirements and growth agenda.
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The facility has an expiry date of 17th October 2030 and an interest rate of 12%, rolled up and paid at maturity.
Kingswood is entering into the Facility Agreement with HSQ investment limited, a wholly owned indirect subsidiary of funds managed and/or advised by Pollen Street.
David Lawrence, Kingswood Group CEO, commented: “Since their first investment in Kingswood in 2019, Pollen Street have been a great partner to the company and this additional investment demonstrates a further positive commitment towards our ambition to build a leading business in the sector.”
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