DBC Foodservice has agreed a £35m three-year banking facility to fund its growth strategy.
The deal with Lloyds TSB means DBC, which supplies a wide range of fresh, ambient, chilled and frozen food, will receive a £20m working capital line, a £7m term loan and £8m to cover ancillary lines.
"DBC management were keen to refinance with a flexible asset-based lending facility to allow them to continue borrowing against the business's existing assets and advance the capital to execute its growth strategy," said Andrew Gaunt of Lloyds TSB Commercial Finance.
The deal with Lloyds TSB means DBC, which supplies a wide range of fresh, ambient, chilled and frozen food, will receive a £20m working capital line, a £7m term loan and £8m to cover ancillary lines.
"DBC management were keen to refinance with a flexible asset-based lending facility to allow them to continue borrowing against the business's existing assets and advance the capital to execute its growth strategy," said Andrew Gaunt of Lloyds TSB Commercial Finance.
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