NEWS
XBP Europe Holdings, Inc. Completes $48 Million Financing to Fund Growth
XBP Europe Holdings has completed a $48 million financing agreement to boost growth and refinance existing debt.
The agreement, signed with HSBC UK Bank plc, includes a $4 million Term Loan A, an $11 million Term Loan B, and a $15 million revolving credit facility, with an $18 million accordion feature.
This financing provides up to $33 million in incremental liquidity, aiding the company's digital transformation goals and inorganic growth strategies.
The term loans have a four-year maturity, while the revolving credit facility has a three-year maturity, extendable by one year at HSBC's discretion.
Repayment of existing debt incurred no penalties, and the new revolving credit facility will be utilized for general corporate purposes.
The agreement, signed with HSBC UK Bank plc, includes a $4 million Term Loan A, an $11 million Term Loan B, and a $15 million revolving credit facility, with an $18 million accordion feature.
This financing provides up to $33 million in incremental liquidity, aiding the company's digital transformation goals and inorganic growth strategies.
The term loans have a four-year maturity, while the revolving credit facility has a three-year maturity, extendable by one year at HSBC's discretion.
Repayment of existing debt incurred no penalties, and the new revolving credit facility will be utilized for general corporate purposes.
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