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UK Retailer Bathstore Secures Asset-Based Facility From RBS

September 02, 2016, 07:06 AM
Filed Under: Retail

Bathstore, the Hertfordshire-headquartered bathroom retailer with 170 stores across the UK, has secured an asset-based lending (ABL) facility to support its growth strategy. Terms of the deal were not disclosed.

The Royal Bank of Scotland (RBS) facility is set to further support the company's expansion, providing working capital funding to facilitate an increase in stock levels. The facility will also support the company to make investments in key areas of its product range.

Bathstore was formerly owned by private equity firm Endless until July 2014.

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