EH Booth & Co. has signed a £93 million funding deal to help drive its expansion, Property Week reports, citing TheBusinessDesk.com. The family-owned supermarket group will use £53 million of the facility to refinance existing debt and a further £37 million for its growth strategy.
The Preston company, which is managed by Lancashire Enterprise Partnership chairman Edwin Booth, is aiming at a new store opening scheme, starting with its MediaCity:U.K. outlet. On the funding deal, the firm was advised by KPMG and the refinancing was provided by its existing bank Royal Bank of Scotland, alongside Lloyds Banking Group.
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