News - Midlands
All change at Claverley Group after refinancing deal
Lloyds TSB has agreed a multimillion-pound refinancing deal with West Midlands-based media publishing company Claverley Group, which owns the Express & Star newspaper series. The deal, which marks a change of bank for Claverley Group, involves a term debt spread over five years, as well as revolving credit and overdraft facilities, and will be used to support the group’s day-to-day activity. The deal marks a new phase for the Claverley Group, which sees former Trinity Mirror regional managing director Steve Brown take over as group chief executive from Graham Evers, who takes up the role of deputy chairman.