Posted: 18 Sep, 2019
Prestigious lifestyle brand completes financing arrangement
LONDON – September 17, 2019 – Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company (NYSE: WFC), announced today that it has provided an Asset Based Loan (ABL) to Laura Ashley plc (LSE: ALY), the British textile design company.
Acting as the sole lender, Wells Fargo structured a credit facility of £20 million to support the remodeling of the business and ongoing working capital requirements.
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