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Fircroft Secures £105m Refinancing Deal to Support Further Growth

30/07/2015
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Fircroft is pleased to announce our recent refinancing deal worth £105m with a syndicate of three UK banks. The new four year deal agreed with the corporate banking and invoice finance arms of HSBC, Barclays and Royal Bank of Scotland (RBS), replaces existing working capital facilities held with HSBC. The deal has been made in order to provide additional funding to support further global organic growth and joint venture investments over the next few years.
 
Stuart Hall, CFO, commented: “Fircroft has expanded considerably in recent years by building and maintaining long-term relationships. This refinancing provides us with a flexible facility to fund investment and expansion. We are very pleased to renew our existing relationship with HSBC, which has been a strong partner to Fircroft in the last three years, and to welcome on board Barclays and RBS.”
 
Craig Hopwood, HSBC Relationship Director, said: “We are delighted to have supported Johnathan, Stuart and the wider business with the refinancing. The global profile of Fircroft fits very well with HSBC's own profile and we look forward to continuing our relationship with both Fircroft and Equistone.”

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