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HTB provides funding to south Wales marine companies

Sam Monk | 16:21 Thursday 25th April 2019

Hampshire Trust Bank’s (HTB) specialist business finance division has completed a £990,000 asset refinancing facility for a group of marine companies in south Wales.

The division used the existing fixed assets of the group to consolidate the latter’s current debt facilities, while taking a second charge over the freehold of the marinas, with the facility delivering an annual saving of £300,000.

Robert Still, head of business development in structured asset finance at HTB, said: “This facility highlights the high-level transactional skills at HTB when dealing with structured and complex cases.”

HTB launched its specialist business finance division earlier this year.

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