Lloyds signs debut borrowing base deal for Wessex Grain

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08 February 2012

Lloyds Bank has signed a secured working capital facility for UK grain trader, Wessex Grain, as well as a secured capital expansion loan.

Lloyds Bank has signed a secured working capital facility for UK grain trader, Wessex Grain. The farmer-owned business trades with around 700 farmers on a regular basis.

The financing package, which is understood to be between £3 million-£8 million ($4.5 million-$12 million), consists of a borrowing base facility as well as a secured loan pledged against the firm’s existing assets including land and buildings. ...

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