Wednesday 26th Oct 2016 - Logistics Manager

£170m refinance deal for Wincanton

Wincanton has refinanced its £170 million main banking facility for a further five years.

It said the facility, provided by HSBC, RBS, Barclays, Lloyds and AIB, provided improved pricing for the group.

Group finance director Adrian Colman said: “This refinancing provides a strong platform to support growth over the next five years and considerably extends the maturity profile of the Group’s debt.”

Taking into account the group’s other financing arrangements, Wincanton has committed facilities available of £300m in total.