Options, the leading managed services provider to the global capital markets industry, today announced that they have secured a new multi-million pound banking facility with the Royal Bank of Scotland (RBS). The new facility comprises a Revolving Credit Facility (RCF) from NatWest and an Asset Finance facility extension from Lombard.
Options, who provide managed IT services and infrastructure products to leading hedge funds, global investment banks, private equity firms and exchanges will use the new facilities to support the company’s ambitious international growth and expansion plans as the IaaS provider continues to scale across three continents. The firm currently has offices in central London, New York, Chicago, Hong Kong, Singapore and Belfast. In particular, the new facilities will support a number of recent large-scale customer acquisitions and strategic capex projects.
Options CEO, Nigel Kneafsey, commented, “Options is delighted to continue its long-standing relationship with the RBS . In particular, we have been impressed by the capability and sectoral knowledge of the bank’s Technology, Media and Telecoms (TMT) team who have ensured that the package of funding made available to us is tailored to the specific needs of our business.
“The increase in support is indicative of the overall trajectory of the business and we are especially pleased that RBS has reaffirmed its commitment to Options’ overall strategic path, product innovation and continued good governance. We consider RBS a key operational partner and look forward to this relationship continuing long into the future.”
Ethan Handyside, Director TMT Corporate Coverage commented, “RBS is delighted to support Options and their growth plans. Through our sector knowledge and expertise we were able to provide a tailored solution for the specific needs of the business, with the intention of supporting Options in achieving its own strategic goals over the coming years. The ability to serve our clients throughout their lifecycle is really important to us at RBS – we very much look forward to continuing our positive relationship with Options in the future”.