Secured lender refinances £435m securitisation

They have also increased the facility from £373m to £435m.
 
The new revolving facility runs until January 2017 with a further 12 months’ non-revolving commitment to January 2018.  The Securitisation Note purchasers are Royal Bank of Scotland, Lloyds Banking Group and Natixis.
 
Commenting on the transaction, Gary Beckett, Jerrold Holdings Group CFO, said:

“This important transaction secures committed funding on favourable terms to January 2018 and will support considerable growth in both our retail and commercial divisions in line with continued demand for our products. The increase and extension follows the successful £200m capital markets bond issuance in September 2013 and together these transactions provide the Group with significantly increased capacity to support our ambitious growth plans.”