Independent Growth Finance (IGF) provided OTC Europe LLC with the working capital required to support their growth aspirations through an Accounts Receivable facility.

Jon Hughes, Director at IFG, has said, ”We are excited to be working with OTC Europe LLP, providing liquidity through a flexible $8m AR facility to support growth and corporate developments.  The company’s advisors [Steve Netherton and Paul Gorski] worked with us to ensure the facility accommodates the way this leading global energy brokerage works and to give the UK management team a facility that is efficient to operate”.  

IGF provides senior secured facilities which include of up to $25m to UK mid-market firms.  Facilities are normally based on AR and may also include inventory, machinery and equipment, real property and an unsecured strip.