Druces have advised GS Technologies Ltd. (LSE: GST), a fintech company, on a US$10 million unsecured term loan facility agreement with Clarivan Group Kommanditbolag, a company incorporated in Sweden. GSTechnologies operates core businesses through its subsidiaries, which include foreign exchange services through its FCA-authorised subsidiary Angra Global. The Company has operations across the UK, Europe and Singapore.

The Facility, which is available in two tranches of US$5 million each (tranche 1 being drawable in July 2026 and tranche 2 in August 2026) and matures on 31 July 2030, will be used to provide additional working capital and financial flexibility as GSTechnologies progresses its strategic growth initiatives, including potential strategic acquisitions.

Tone Goh, Executive Chairman of GSTechnologies, commented:

“Jack and the team at Druces provided a sterling service and sound legal advice during the preparation and negotiations of the facility agreement. Entering into this facility has strengthened our ability to pursue strategic acquisition opportunities, while supporting the ongoing development of our existing businesses and initiatives.”

Jack Dervyn, Partner and Head of Capital Markets, commented:

“We congratulate GST on entering into this facility agreement. Working hand in hand with clients to achieve their goals is something we pride ourselves upon. ”

Jack Dervyn led the Corporate team which also included Mark Lamph (Senior Associate).