Done Deal: Foyle Food Group

New Markets

 


 

 

£Undisclosed

Revolving Line of Credit & Term Loan

Food Manufacturing

Financing Event: Growth
PNC Deal Leader: Alistair Hood

The Company: Sector Leader

Northern Ireland headquartered Foyle Food Group (Foyle) is a beef processing business which has traded for more than 40 years. The Group operates from 8 state of the art facilities across the UK and Ireland, employing 1,300 people.

The Deal: New Markets

Foyle’s products are supplied globally to leading retailers and foodservice providers. The company’s strategic plan is to expand the business across a number of new markets, both domestically and internationally, and to simultaneously develop and extend its product lines.

The Achievement: Increased Working Capital

The new facility from PNC has been tailored to provide the ideal platform from which the company can build on its sector leadership in the years ahead.

Foyle Food Group is delighted to have secured new funding facilities from PNC, after a competitive tender process. These three year committed facilities are designed to assist the company with its ongoing funding requirements and with its plans for further controlled expansion into new markets and products.

Oliver McAllister | Group Finance Director, Foyle Food Group

Important Legal Disclosures & Information

*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured and second lien loans for sponsored and non-sponsored transactions. 

Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.

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