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
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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.
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