WHOLESALER Palmer & Harvey has agreed a new refinancing deal with JTI and Imperial Tobacco for an undisclosed sum.
The company, which is owned by current and former employees and has loans from a syndicate of lenders, announced last month that it had successfully completed its debt refinancing, including credit facilities, with the tobacco companies.
Tony Reed, CEO of Palmer and Harvey said: “The refinancing provides us with a strong financial position from which to drive forward Palmer & Harvey and to take advantage of the many opportunities we see in the wholesale and convenience markets.”
