accesso Technology Group plc has agreed a funding facility worth up to £50 million with HSBC.
The listed firm provides tech for ticketing, point of sale and other aspects of guest experience for the leisure and attractions sector.
A new $40 million revolving credit facility has a four-year term to May 2027 and is accompanied by a $20m ‘accordion option’ which the group may utilise as it pursues its strategic plan into the mid-term, accesso said.
The HSBC facility replaces the group’s undrawn £18m arrangement with Investec from March 2021.
Known as a provider of tech for theme parks, it has broadened its reach into ski resorts, concerts and the arts, and other cultural attractions.
“I’m very pleased to have agreed this new facility with HSBC,” said CEO Steve Brown.
“We are making excellent progress in delivering our growth plan, and this agreement increases our resilience while enhancing our ability to execute value accretive acquisitions where we see the potential to advance our plan more quickly.”
accesso, headquartered in Reading, has further UK bases in Belfast and London. It also operates from global offices in Australia, North America, South America and Europe.