Togather Finance is proud to announce the successful closing of a EUR 3.5mln undisclosed, invoice financing facility with one of the Netherlands’ leading companies active in the sub-sea services sector.
The company was looking for a new invoice financing facility to facilitate its growth plan alongside its existing long-term funding. It was important for the client that its customers would not be directly exposed to -or contacted by- the 3rd party factoring provider. Together with the client and our intermediary Orange Factoring we were able to structure an undisclosed solution that specifically managed the seasonal pattern of the company and could be seamlessly placed alongside the existing debt structure.
Tamer Fawaz – Togather Finance Investment Manager
“I’m excited to build up a long term, fruitful relationship and grateful for the client’s trust in Togather Finance. I’m specifically proud of our ability to execute the deal at short notice and provide certainty of funding for our client despite the challenging Covid-19 market dynamics. I also want to thank Harry Marshall from Orange Factoring for bringing this opportunity to us and his professional support during the execution of the deal.”