Finance group completes syndication of debt facilities

More SMEs in the North will be able to obtain finance after Praetura Commercial Finance completed an increased syndication of its debt facilities. Stuart Bates, commercial director of the firm, remarked: “I am delighted to announce and welcome ABN AMRO Commercial Finance, who join our existing senior lender RBS, with additional support of £32m.” Jeremy Smith, director of corporate client origination at ABN AMRO Commercial Finance, added: “Alternative lenders are a key part of the funding options available to UK businesses. Praetura CF is a quality operator in that field and ABN AMRO is delighted to be partnering with RBSIF in providing additional liquidity to them to help and support UK businesses.”

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