Ardent Agrees £120M Refinance Deal

Leading heavy plant hire specialist Ardent Hire Solutions has secured a £120m asset-based lending facility to support its growing working capital needs during a period of accelerated growth. The deal was facilitated by HSBC in partnership with ABN AMRO. The £120m deal sees HSBC and ABN AMRO each provide £60m of funding in the form of an asset-based lending facility which provides funding against Ardent’s receivables, plant and machinery assets. The deal provides Ardent with flexible access to working capital to support the business’s growth, which will include the purchase…

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