Bibby Leasing has agreed a
three-year block discounting facility of £26.5m (€31m) from a
syndicate of funders.

MD Carol Roberts said: “We
will use the funding to expand in our niche sectors and
particularly in materials handling.”

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The company also aims to
expand in its existing markets, including catering. Accountancy
firm Grant Thornton helped to secure the facility.

Parent company Bibby Financial Services secured £340m of
refinancing in January.

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