Shoosmiths has advised Cohort plc, the AIM-listed defence technology group, on a new £175,000,000 multi-currency term and revolving facilities agreement with a syndicate of seven international lenders.

Published: 2 June 2026

The refinancing replaces Cohort’s existing financing arrangements and will support the group’s continued strategic growth and acquisition plans across the UK and overseas markets. Shoosmiths also coordinated overseas elements of the transaction involving Canada, Australia and Germany and worked closely with Cohort’s finance adviser, Carlo Rusche.

Cohort plc is a group of agile defence technology businesses supplying a wide range of services and products for domestic and international customers across the defence and security sectors. This year marks the 20th anniversary of the company’s listing on AIM.

Shoosmiths has advised Cohort for more than 10 years, supporting the business on its previous financings and wider portfolio management matters. The Banking team was led by Rebecca Mauleverer (Partner), supported by Beth Jenkins (Principal Associate), Niamh Jones (Associate) and Arun Johal (Trainee Solicitor). Tax advice was provided by our specialist tax team headed by Laura Board (Partner).

Rebecca commented: “We’re delighted to have supported Cohort on this strategically important refinancing. The transaction demonstrates the continued strength of the business and provides a strong platform for future growth and acquisitions. It has been a pleasure to continue supporting Cohort, a longstanding client of the firm, on another significant milestone in its growth journey.”