Tag Archives: refinancing

Building materials distributor Lords has completed the refinancing of the Group’s existing £75 million lending facilities. The Group’s existing £75 million facilities, with a three bank syndicate which consisted of a £50 million revolving credit facility (‘RCF’) and a £25 million receivables financing facility (‘RFF’), have been cancelled and repaid pursuant …

Builders merchant group Independent Builders Merchant Group, is initiating a financial and operational restructuring programme across 13 of its merchant brands, which will recapitalise the group, compromising certain liabilities, including leases across its branch network, alongside a significant reduction in debt owed to the banks. Assuming court approval of the …