Sunday May 31, 2020

Greencore to borrow €335m from British Covid-19 lending fund

The convenience food giant is eligible to access Covid Corporate Financing Facility run by Bank of England

Ian Guider

Markets Editor

24th May, 2020
Patrick Coveney, Greencore’s chief executive, said it would be 2021 before demand returns to more normal levels. Picture: Bryan Meade

Sandwich giant Greencore has said it will be able to borrow up to £300 million (€335 million) by accessing a British government Covid-19 lending fund.

The company said it had received confirmation that it was eligible to access the Covid Corporate Financing Facility, a lending scheme to help large firms issue debt that is run by the Bank of England.

The limit of £300 million available to Greencore is in line with lending facilities made...

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