2020 annual review
2020 annual review
Deal enables charity to weather COVID storm A major international charity with iconic UK visitor attractions needed a cost-effective debt financing solution to maintain liquidity during the COVID-19 pandemic. The charity engaged FRP to negotiate a flexible financing package that would meet immediate funding needs, support essential capital expenditure, and help them to weather any sustained reduction in visitor numbers during the pandemic.
FRP secures £8.5 million refinance package for CED Stone CED Stone Group is a family business supplying British and imported natural stone paving solutions from six depots across the UK and an office in New York. The £19 million turnover business wanted to complete a reorganisation of its group structure, and source new working capital for growth. The company approached FRP to assess the available funding options.
8.5 £8.5 million The refinance package secured for CED following a competitive process run by the FRP team.
The negotiated solution delivered a one-stop revolving financing structure and more importantly a runway to recovery. Tom Cox Debt Advisory
Outcome
The team conducted a competitive process to identify a new asset-based lender who could provide the most appropriate funding model to suit the shareholders’ ambitions. Our extensive knowledge of the market and professional presentation of the opportunity ensured that several competitive offers were received, and a successful transaction was completed, securing an £8.5 million refinance package.
Outcome
Our Debt Advisory team supported the charity to secure highly cost-competitive terms from the charities and public sector department of a major UK bank. The negotiated solution delivered a one-stop revolving financing structure. This provided the necessary mid-term liquidity, alongside specific financial provisions that enabled the charity to continue its activities without significant operational restrictions.
Raising and refinancing debt
Raising and refinancing debt
frpadvisory.com
frpadvisory.com
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