Family-owned food producer Samworth Brothers has agreed a £150m sustainability-linked revolving credit facility to support its strategic growth ambitions while underlining commitments to environmental and social goals. This financing package will support investment across the business.
The new unsecured facility is provided by a club of three banks, made up of HSBC UK and Lloyds Bank as the Group’s existing banking partners, and bringing in NatWest as a new banking partner. The facility is linked to three of Samworth Brother’s ESG priorities, being a reduction in carbon, a reduction in food waste intensity, and an increase in the number of apprenticeships across the business.
Chairman Mark Samworth said: “With this refinancing, we reaffirm our commitment to our long-term sustainability goals on carbon emissions, food waste intensity and social impact. As a fourth-generation family business we always seek to be a long-term force for good and so it is particularly important for us to address both environmental and social initiatives.”
