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Hastings announces £20m cash injection

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    • Louise Meeson

    • Indicative reading time: 1 minute

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Broker Hastings Direct has agreed a £20m three-year financing facility with Lloyds TSB Corporate Markets.

The funding, which was arranged by Lloyds TSB as sole lead arranger and sole book manager, will be used to support the future growth plans of the group.

Edward Fitzmaurice, CEO of the Hastings Group, said: “We are very pleased to have the support of Lloyds TSB Corporate Markets. This facility boosts our long-term financial flexibility and strength and will allow us to continue to invest further substantial sums to the benefit of our customers and employees. We value the long-term relationship

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