Panmure Liberum advised Keltbray on the raising of £30m of working capital facilities provided by Metro Bank
We are delighted to announce that Panmure Liberum has acted as sole debt advisor to Keltbray, the UK-based specialist engineering and construction services company, on the raising of a £30 million working capital facility, provided by Metro Bank. The loan comprises a £10 million overdraft and £20 million Revolving Credit Facility (RCF), over three years, to support its operational and strategic priorities.
Having recently divested its Infrastructure Services division, Keltbray has looked to focus activity on its core engineering and wider construction related services. This RCF will provide the company with the working capital headroom required to continue to grow the business.
Brendan Kerr, Executive Chairman at Keltbray, said: “‘The strategic partnership with Panmure Liberum is long-standing and their work here in supporting Keltbray in identifying the right partner for our operational and strategic growth priorities over the coming years has been invaluable.”’
Dan Howlett, Head of Debt Advisory at Panmure Liberum said: ‘We are delighted to have advised Keltbray on this important facility and help to finance the company during the next phase of its growth cycle.”
Panmure Liberum Team
Investment Banking – Dan Howlett; Ben Handler
