Westbury acted as advisor to an international mid-market world foods importer and distributor on the refinancing of its £12m asset-based lending facilities with Danske Bank – improving on existing terms and leverage. 

The business, which supplies a broad range of global food products to UK and European retailers and wholesalers, sought to refinance to improve terms, increase leverage, and secure a more flexible funding structure aligned to its growth strategy.

Through Westbury’s involvement, the company was able to achieve more favourable pricing and covenant terms, while unlocking additional headroom within the facilities. The refinancing has delivered a material improvement on the business’s existing arrangements, ensuring that working capital is better aligned with seasonal trading cycles.

This successful outcome demonstrates Westbury’s expertise in structuring and negotiating debt facilities for mid-market businesses, particularly those with international supply chains and complex working capital needs.