Shawbrook provides boost to snacking food manufacturer, Halo Foods Limited
Shawbrook has funded a £4,964,000 asset-based lending facility for a cereal bars and snacking products manufacturer, Halo Foods Limited.
Alexander de Haas, investment manager at Nimbus, said:
“There were two essential elements to this transaction. It was important to ensure that there was sufficient headroom to achieve our key objectives and there were strict timelines within which to execute the deal. Shawbrook stepped up to the mark and delivered on both counts.”
Shawbrook has the ability to provide funding across all asset classes and leverage further with a cash flow term loan for those businesses with stronger EBITDA generation. We enjoy substantial backing as a strong platform to meet the growth ambitions of UK businesses.