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P&H agrees new refinancing deal

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WHOLESALER Palmer & Harvey has agreed a new refinancing deal with JTI and Imperial Tobacco for an undisclosed sum.

P&H CEO Tony Reed.

The company, which is owned by current and former employees and has loans from a syndicate of lenders, announced last month that it had successfully completed its debt refinancing, including credit facilities, with the tobacco companies.

Tony Reed, CEO of Palmer and Harvey said: “The refinancing provides us with a strong financial position from which to drive forward Palmer & Harvey and to take advantage of the many opportunities we see in the wholesale and convenience markets.”

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