Together agrees new credit facility

Jessica Nangle

January 27, 2017

Together has agreed a new structured credit facility of £90m targeted at funding its bridging finance facility.

The programme is supported by Goldman Sachs Private Capital and will run until January 2021.

Marc Goldberg (pictured), commercial chief executive at Together, said: “We have a clear strategy set out for the next five years and this additional funding will enable us to further increase our bridging finance lending.

Together moves up The Sunday Times Top Track 250

“We’ve seen strong demand from businesses and investors in this area, and lent a total of £572.3m of bridging finance in the 12 months to 30 September 2016.”

Gary Beckett, group chief financial officer of Together, said: “The successful introduction of the Delta facility demonstrates Together’s strong financial position, our robust business model and the continued demand for our products.

“It will support our growth plans and sit alongside our existing funding channels.”

Enter your e-mail address to receive updates on this topic straight to your inbox

* indicates required
Send me news alerts on: