Spicers Secured $30M Refinancing

Originally written and published by Print21 at print21.com.au

$30m  refinancing injection for Spicers

Paper merchant Spicers recently secured US$30 million in new financing from ASX-listed business lender Scottish Pacific Business Finance.
According to print21.com.au, Spicers told the ASX in a statement: This new financing option provides Spicers with up to US$30 million in funding as an initial 2-year loan until November 2019. It replaces a similar financing package, which was due to expire in March 2018.
“Completion of this refinancing provides a facility on more flexible and covenant-free terms for Spicers,” said Spicer CEO David Martin (Pictured). “We look forward to forming a successful and production partnership with our new financing partner, Scottish Pacific.”