Trifast seals £120m financing deal

Posted on 12 Jul 2023 by The Manufacturer
Trifast will put the full finance package towards several initiatives, including a substantial investment in a new National Distribution Centre near Birmingham for its UK subsidiary, TR Fastenings Ltd.
Trifast will put the full finance package towards several initiatives, including a substantial investment in a new National Distribution Centre near Birmingham for its UK subsidiary, TR Fastenings Ltd.

In a deal led by HSBC UK, international industrial fastenings business Trifast plc has prepared for the future by agreeing new financing arrangements which will enable it to grow through organic and acquisition investments and support its export growth ambitions.

The new funding, backed by UK Export Finance (UKEF), takes the form of a £50m Export Development Guarantee Facility which enables a loan provided by HSBC UK, NatWest and Citi. The banking arrangement also involved a renegotiation of Trifast’s existing revolving credit facility. The new three-year £70m facility is split between HSBC UK, NatWest and…

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