29th May 2010
Hastings 888 Limited and its subsidiaries, Hastings Insurance Services Limited and Renew Insurance Services Limited, have announced a £20 million three year financing facility with Lloyds TSB Corporate Markets.
The funding, which was arranged by Lloyds TSB as Sole Lead Arranger and Sole Book Manager, will be used to support the future growth plans of the Group.
Edward Fitzmaurice, CEO of the Hastings Group, said:"We are very pleased that Lloyds TSB Corporate Markets has pledged to support the Hastings Group. This facility boosts our long-term financial flexibility and strength, subsequently enabling us to continue to invest substantial capital in the business for the benefit of our employees and customers, alike."