Fruytier and CRS advise Duke Royalty Ltd on £30m Debt Facility
Fruytier and CRS advises Duke Royalty Limited (AIM: DUKE) on £30 Million Debt Facility from Honeycomb Investment Trust PLC
Charles Russell Speechlys and Fruytier Lawyers in Business, Vincent van Oosteren, advised Duke Royalty Limited on a new £30m revolving credit facility agreement from LSE-listed Honeycomb Investment Trust PLC. The new credit facility replaces, on improved terms, a previous £10m revolving facility from Honeycomb which Duke assumed as part of its acquisition of Capital Step Holdings Limited in February 2019. The new facility includes an additional uncommitted accordion facility which would increase the size of the facility to £50m.
Duke Royalty is listed on AIM and is a provider of alternative capital solutions to a diversified range of businesses in Europe and world-wide.