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Industry: Print & packaging

Product: Asset based lending (ABL)

Facility size: €3,500,000

Business need: Find a new, stable provider

Elements of the deal: Confidential invoice discounting & property finance

When their funding provider pulled out of the Irish market, one of Ireland’s largest stationery and print providers needed to quickly source new financial support.

Close Brothers Commercial Finance was chosen to provide a confidential invoice discounting facility along with an additional €800k loan on the company’s property, which offered a substantial asset based lending (ABL) arrangement. The customer also took advantage of additional support through Close Brothers' bad debt protection product, which provides cover on all credit approved client accounts.

This ABL deal allowed the firm to pay off the outstanding loan with their previous provider. More importantly however, the financial stability of being a FTSE 250 independent organisation allowed Close Brothers to reassure the client that they would not be impacted by another provider leaving the Irish market.

The funding has enabled a merger and as a result, the firm has become an even larger player since the switch to Close Brothers Commercial Finance.

Contact us

Close Brothers Commercial Finance
Swift Square | Building 1
Santry Demesne
North Wood
Dublin 9
D09 A0E4

Contact us

ROI: (01) 871 1060

NI: 028 9344 1410

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