Housebuilder secures £50m funding deal
Cavanna Homes has secured £30m of funding from Lloyds Bank – an increase of 50% on the previous funding arrangement.
The deal marks a renewal of Cavanna Homes’ five-year revolving credit facility with Lloyds Bank, which has been supporting the Torquay-based housebuilder with banking facilities since 2012.
Scott Murray, group finance director, said the new arrangement provided the liquidity to keep the company safe and to support the firm’s future growth plans. “It has been competitively priced reflecting the company’s... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
