Onecom, the UK’s leading provider of business communications technology and IT services, is delighted to announce the successful refinancing of its loan facility through Ares Capital. The new multi-year financing arrangement consolidates and expands financial resources, positioning the company for further strategic growth, supported by its long-standing partnership with LDC.
The enhanced facilities provide greater flexibility to support Onecom’s growth ambitions, enabling the company to expand its capabilities, execute its strategic M&A plans, and reinforce its market-leading position. With over £100m in committed acquisition funding, Onecom is well-positioned to pursue strategic opportunities that align with its long-term vision for growth and innovation.
The refinanced facility ensures the continuity of the successful tripartite relationship between Onecom, LDC, and Ares Capital, which has been foundational in Onecom’s remarkable growth trajectory over the years.
Martin Flick, CEO of Onecom, commented: "We forged a fantastic relationship with LDC and Ares in 2019, which has fuelled our growth ambitions through a combination of M&A activity and organic expansion. Agreeing on this new financing facility is a testament to the strength of that relationship and the shared ambition to drive Onecom’s strategic objectives forward. With this support, we are well-equipped to deliver on our growth ambitions and continue building on our position as a leader in communications and technology solutions."
The refinancing marks a significant milestone for Onecom, allowing the company to consolidate its existing finance facilities while creating flexibility to explore future opportunities in the market.