Nottingham recycling firm secures £5.75m deal
Who?
Nottinghamshire Recycling and Park Farming.
Did what?
Has undergone a multi-million pound refinancing deal with the support of Santander’s corporate banking team in Nottingham.
What does this mean?
The £5.75m debt facility has been agreed with the business, which is owned and managed by recycling entrepreneur Kevin Burgess.
Who advised?
Shaun McCabe of Browne Jacobson’s banking team led the team advising Santander Corporate Banking, assisted by Faizal Bhana (banking) and Tom Baines (property). It is the second refinancing deal the firm has completed with Santander in as many weeks.
Insider comment:
Santander is happy to back this deal given the footprint recycling already has within the UK, being worth £8bn and continuing to grow.
There will be a large number of companies which find that being green leads to higher profits in these eco-conscious days, and Nottinghamshire Recycling is seeking to capitalise on this and expand.
Nottinghamshire Recycling and Park Farming has undergone a multi-million pound refinancing deal with the support of Santander’s corporate banking team in Nottingham. The £5.75m debt facility has been agreed with the business, which is owned and managed by recycling entrepreneur Kevin Burgess.
