Strategic refinancing and expansion of an asset-based lending (ABL) facility for a leading UK IT distributor and managed services firm.
The challenge
A prominent UK IT distributor and managed services provider wanted to strengthen its working capital position to support the next stage of its growth journey. We worked closely with the management team to understand their strategic priorities and define the key requirements for a funding facility that would offer the flexibility and headroom needed to scale with confidence.
How we helped
After gaining a clear understanding of the group’s strategic objectives and defining the essential criteria for a futureproof funding solution, we leveraged our deep market knowledge to approach a carefully selected group of ABL lenders. This resulted in multiple credit-approved offers.
We then partnered with the management team to refine and negotiate the terms, ensuring the chosen facility aligned with both current needs and long-term ambitions. By opting for an asset-based lending structure, the facility is designed to scale with the business automatically increasing availability as the company grows.
The results
We secured a compelling set of final, credit-approved terms and proactively collaborated with lenders to minimise execution risk by front-loading key due diligence requirements to streamline the process.
Working closely with legal advisers, we reviewed and negotiated the commercial terms to ensure alignment with the group’s objectives, enabling a smooth and efficient completion.
