Monday 21st Oct 2019 - Logistics Manager Magazine

£25m financing for Menzies Distribution

Menzies Distribution has secured a £25m revolving credit facility with Royal Bank of Scotland.

Chief financial officer Paul McCourt said: “Our new revolving credit facility agreement with Royal Bank of Scotland is an important milestone for Menzies Distribution and will enable us to drive forward our ambitious growth plans to become the UK’s leading technology-driven logistics partner.

“The funding and flexibility offered by the new facilities will strengthen our position as being the partner of choice to all news and magazine publishers and provide further leverage to use that same capability in our diversification into retail logistics and parcel distribution.”

Menzies Distribution sold to private equity investor for £74.5m