Co-op secures new £350m lending agreement

Co-op

The Co-op has today announced a new £350m lending agreement with six major banks, which it says reflects “strong market confidence” in the retailer.

The c-store specialist has struck the new lending deal with six banks: HSBC UK, Barclays, ING, Lloyds, NatWest and Rabobank. It said the new deal was a “key step on [The] Co-op’s journey to sustainable, profitable growth with much-improved borrowing rates directly tied to ambitious sustainability and social impact targets”.

 

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