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Milk Link yields improved returns for dairy farmers

The challenge

 

  • Restructure group debt to reduce amount of amortisation.
  • Move large proportion of debt onto a revolving basis.
  • Free up cashflow to provide a better return for members.

The solution

 

Together with Lloyds TSB Commercial Finance, we refinanced the existing arrangement with a more appropriate level of amortising debt combined with a flexible invoice discounting facility which operates on a revolving basis.

“Lloyds TSB was able to understand our requirements and provided an innovative and timely solution, “ says Nairn Glen, group finance director at Milk Link. “Both parts of the bank – Corporate and Commercial Finance – as well as the other professionals involved came together seamlessly.

Clive Hetherington, Relationship Director at Lloyds TSB Corporate Markets says, “We were able to structure a new facility which was largely revolving, thereby freeing up cashflow.  This, in turn, has enabled Milk Link to improve the level of returns to its members.”

 

Why Lloyds TSB Corporate Markets?

 

  • Seamless delivery of a complex deal.
  • Sole provider meeting all banking needs.
  • A combination of loan and asset-based lending facilities to meet specific refinancing requirements.

To find out how we could help your business, contact us.