Xchanging secure £110m funding
The facility will be used for general financing purposes
Xchanging has secured a £110m syndicated term loan and revolving credit facility.
The funding package was led by a team at Lloyds TSB corporate markets and also included Barclays Capital, HSBC, DBS Bank and the Royal Bank of Scotland (RBS).
The initial loan amounted to £90m but following a successful syndication, this was increased to £110m.
The facility, which will be used for general financing purposes, will mature in October 2012.
Seb Kafetz, relationship director, Lloyds TSB corporate
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