Henderson secures £4.5m finance facility
Lloyds TSB Corporate Markets has revealed that it provided Henderson Insurance Brokers with a £1m finance facility to aid its acquisition of Leeds-based broker Denny O'Hara.
This is the second acquisition since Henderson moved its day-to-day banking relationship to the Hull office of Lloyds TSB Corporate Markets at the end of last year.
Following the switch, the bank supported Henderson with a term loan and working capital funding totalling £3.5 million, of which approximately £2 million was used to fund the purchase Watford-based UK Credit Insurance Specialists.
Joe Henderson, chief executive of Henderson Insurance Brokers, said: “Until last year, we had been with
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