XBP Europe Holdings Completes $48M Financing To Fund Growth; This Is In Addition To The Current Non-Recourse Factoring Program In Place By Certain Of The Co's Subsidiaries For Up To €15 Million
Portfolio Pulse from Benzinga Newsdesk
XBP Europe Holdings has completed a $48 million financing agreement to fund its growth. The financing includes term loans and a revolving credit facility, with an additional accordion feature for up to $18 million, all facilitated by HSBC.
June 27, 2024 | 5:47 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
HSBC is facilitating a $48 million financing agreement for XBP Europe Holdings, which includes term loans and a revolving credit facility. This could enhance HSBC's revenue from interest and fees associated with the financing.
HSBC's involvement in the $48 million financing agreement for XBP Europe Holdings is likely to generate additional revenue through interest and fees, positively impacting its financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80