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Lloyds signs debut borrowing base deal for Wessex Grain
08 February 2012
Lloyds Bank has signed a secured working capital facility for UK grain trader, Wessex Grain, as well as a secured capital expansion loan.
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borrowing base
Wessex grain
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Lloyds Bank has signed a secured working capital facility for UK grain trader, Wessex Grain. The farmer-owned business trades with around 700 farmers on a regular basis.
The financing package, which is understood to be between £3 million-£8 million ($4.5 million-$12 million), consists of a borrowing base facility as well as a secured loan pledged against the firm’s existing assets including land and buildings....
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