Finsbury Food Group’s securing a £45 million revolving credit facility

Ashurst advised HSBC, Rabobank and RBS as lenders on a new revolving credit facility for Finsbury Food Group, a leading speciality bakery manufacturer, producing a diverse range of cakes, bread and bakery snack products for multiple major UK retailers and for the foodservice channel.

The new £45 million revolving credit facility is on improved terms and has a maturity of five years.

The new facility has been put in place to refinance several existing debt facilities and provides flexibility of use to promote the Group’s growth objectives.

The Ashurst team was led by banking partner Nicholas Moore (picture), assisted by associate Elizabeth Street-Thompson.

Involved fees earner: Nicholas Moore – Ashurst; Elizabeth Street-Thompson – Ashurst;

Law Firms: Ashurst;

Clients: HSBC; Rabobank; RBS;