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

@ianguider
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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