Headlam Secures £85m Asset-Based Facility to Support Transformation Plan
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Headlam Group has secured an £85 million asset-based lending facility to replace its existing credit arrangements, enhancing financial flexibility as part of its transformation plan. The three-year facility, extendable by two years, is provided by Barclays Bank and Wells Fargo Capital Finance (UK). Despite current financial struggles, including declining revenue, the company's restructuring efforts offer a positive outlook for recovery. The latest analyst rating for Headlam stock is a Hold with a price target of £43.00, reflecting mixed technical signals and a weak valuation.
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