Moorcrofts advises MLL Telecom on secured revolving credit facility
Moorcrofts recently advised longstanding client, MLL Telecom Ltd. on a secured revolving credit facility of up to £8 million by the private credit division of leading investment manager Triple Point.
MLL Telecom(MLL) is a licensed UK telecoms operator and owns wireless spectrum across the UK. MLL specialises in providing professional services and fully managed networks to the mobile network operators and national system integration services to the public sector. MLL has become a market leader for fully managed connectivity solutions and wider network services. MLL has recently been chosen to support the mobile operators to delivery of the rollout of their transmission services across the UK in supporting its 5G network rollout programme. The new three-year facility will enable MLL Telecom to accelerate its strategic growth aspirations, while also delivering working capital support. growth strategy by providing capital to meet new and existing large-scale contracts.
Shaun Ledgerwood, MLL Telecom chief executive officer, said:
“We are very pleased to have established this new facility with Triple Point which will provide MLL Telecom with the funds to pursue our ambitious growth strategy. The capital provided will enable us to expand on our success in providing vital network services to organisations across the country and play our part in supporting both public and private sectors with our expertise. Thank you so much to Peter and the wider Moorcrofts team for all your help and assistance with getting the new facility over the finishing line, as your advice and expertise is always very much appreciated.”
Peter Woolley, commented:
“Moorcrofts was delighted to advise MLL Telecom on the new credit facility, given our long-standing relationship with the company. Congratulations to Shaun and Brian and all others at MLL Telecom who were involved in this process. We hope that the new facility will enable MLL Telecom to continue to expand in the telecoms and fully-managed networks sectors.”
Moorcrofts regularly acts for buyers, sellers and investors across a broad range of industry sectors. With a wide array of clients, from PLCs and household names to sole traders and partnerships, Moorcrofts has the expertise to advise on all aspects of corporate transactions.
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