{
Hsbc UK Bank plc

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2025-03-312025-03-311111100
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2025-03-312025-03-311111100
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Manolete Partners secures new credit facility with HSBC at improved terms

Manolete Partners PLC has secured a new revolving credit facility with HSBC UK Bank PLC, maintaining the GBP17.5 million level of its previous arrangement but with improved terms. The margin is now 4.0% over the Sterling Overnight Index Average, down from 4.7%, and the non-utilisation fee has decreased to 1.40% from 1.88%. This 3.25-year facility, maturing on June 27, 2028, with a possible one-year extension, reflects the strong partnership established since 2018, according to CEO Steven Cooklin.
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British Pound Sterling Manolete Partners Plc Hsbc UK Bank plc GBR Steven Cooklin
Business & Industry, Market Report
07:52 31.03.2025
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