James Donaldson agrees £16m funding package
19 May 2015James Donaldson & Sons Ltd (JDS) has agreed a £16m finding agreement with RBS as part of growth plans.
The agreement will benefit all four JDS Group companies - James Donaldson Timber Ltd, Donaldson Timber Engineering Ltd, MGM Timber (Scotland) Ltd and James Donaldson Insulation Ltd.
RBS will provide a debt structure to support the existing operating, capital expenditure requirements and growth plans of the Group with a mix of term, capex revolving credit and working capital facilities.
“A family business with a long and proud history, James Donaldson & Sons remains very focused on its future with ambitious growth plans,” said Andy Kilgour, regional director, RBS Corporate, Edinburgh.
“We are delighted to be working closely with the team as they embark on the next chapter of the company’s history and look forward to providing our on-going support for the journey ahead.”
HBJ Gateley advised James Donaldson & Sons Limited in relation to the negotiation of the funding package from RBS.
“The move to RBS as funder was a significant transaction for James Donaldson & Sons Limited and will provide them with a fantastic platform to fund future expansion,” said Euan Cluness, partner with HBJ Gateley.
