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Unlocking £90 Million in Receivables Financing

 

How a global Media Group financed their global receivables portfolio with competitive terms, no impact on existing covenants, and a 3-year term.

90%
Advance rate
3-Year
Term with 1-year extension
0
Impact on existing covenants
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Challenge

The Group sought £90 million to fund operations and ambitious growth. They needed a solution to work with their existing debt covenants, minimise disruptions to their operations, and use their complex global receivables data. Traditional financing routes couldn’t provide the speed, flexibility or desired terms.

 

Solution

The Group worked with Gardenia Technologies to design and run a bespoke Early Pay Receivables Finance Programme, which delivered a global receivables financing programme at highly competitive rates with zero impact on its existing debt covenants.

 

Results

Financial outcomes: 

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£90 Million non-recourse, receivables financing facility
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90% Advance rate, with 2.25% interest
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Committed facility with 3-year term and a 1-year extension option
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Zero impact on existing debt covenants
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Global portfolio coverage (UK, USA, EMEA, Australia, Japan, Hong Kong).

Operational outcomes: 

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Unchanged payment processes and no new bank accounts
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Undisclosed facility maintaining client relationships
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Algorithmic daily invoice verification and analysis, and next-day cash disbursements
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Real-time monitoring and reporting
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