HSBC, Rabobank and RBS refinanced debt facilities for Finsbury Food Group, a UK-based specialized bakery for both retail and foodservice channels.
The new £45 million ($62.98 million) revolving credit facility will be available for five years and include scope for the facility to be increased by up to a further £45 million ($62.98 million).
The refinancing and potential increase provides Finsbury with the opportunity to explore further growth and support its long-term investment strategy.
“We are delighted with this successful outcome and this revised facility, with significant headroom, gives us greater flexibility and means we are better equipped to deliver growth and shareholder value going forward,” said Finsbury Group Finance Director Steve Boyd.
