PracticeConsultingStructured finance deal gets English ICA stamp of approval

Structured finance deal gets English ICA stamp of approval

Structured business finance provider NMB-Heller has received backing from the English ICA for its new finance facility designed for management buy-in/buy-outs.

The deal structure is designed to allow funding to be raised from a variety of sources including debtors, finished stock, plant and machinery and existing unencumbered land and buildings.

If additional funding is required, NMB claims the deal will also examine projected cash flow which can be used to raise an unsecured loan to complete the deal.

NMB director John Bagley said: ‘When helping to put funding in place for MBO/MBIs, speed, experience and innovative thinking are often the crucial elements in successfully concluding the funding arrangements. With the backing of the English ICA, we expect to build increasing links with the accountancy practices to help them secure the MBO/MBI funding their clients may be seeking.’

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