XBP Europe Holdings, Inc. Completes $48 Million Financing to Fund Growth [Yahoo! Finance]
XBP Europe Holdings, Inc. (XBP)
Company Research
Source: Yahoo! Finance
LONDON, United Kingdom and SANTA MONICA, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced that certain of the Company's subsidiaries have entered into a comprehensive financing agreement with HSBC UK Bank plc (“HSBC”). The new agreement refinances the Company's UK subsidiary's existing indebtedness and provides up to $33 million of incremental liquidity. This is in addition to the current non-recourse factoring program in place by certain of the Company's subsidiaries for up to €15 million. “The strategic financing transaction with incremental borrowing capacity greatly enhances our liquidity and supports our runway for growth, including inorganic growth,” said Andrej Jonovic, Chief Executive Officer of XBP Europe. The new $48 million financing agreement consi
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XBP
News
- XBP Europe Holdings, Inc. Completes $48 Million Financing to Fund GrowthGlobeNewswire
- XBP Europe Holdings, Inc. Reports First Quarter 2024 ResultsGlobeNewswire
- XBP Europe Awarded a Transformation Project for His Majesty’s Passport Office (HMPO)GlobeNewswire
- XBP Europe Holdings, Inc. Reports Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
- XBP Europe Holdings, Inc. Reports Full Year 2023 ResultsGlobeNewswire
XBP
Sec Filings
- 6/28/24 - Form 8-K
- 6/20/24 - Form 8-K
- 6/17/24 - Form 4
- XBP's page on the SEC website