Foot Anstey advises Mole Valley Farmers on £60m refinance deal

Foot Anstey is pleased to have supported long-term client Mole Valley Farmers on the successful refinancing of its £60m asset-based lending and trade facilities with Barclays and Leumi.

Mole Valley Farmers, headquartered in North Devon, is a leading agricultural co-operative operating 55 locations nationwide. The group provides a wide range of products and services to the agricultural sector through its retail stores, including feed manufacturing, farm nutrition, and soil agronomy products and services.

Katie-Jane Rees, Partner and Head of Banking and Finance at Foot Anstey commented, "We're delighted to have supported Mole Valley Farmers on the successful completion of this refinance, working with their team to deliver an overall facility that supports their strategic requirements."

Bruce Korican, Group Financial Officer commented, "The refinancing delivered an overall facility that suits our working capital cycle, allowing us to focus on growth and innovation for the benefit of our customers. Foot Anstey’s expertise and deep understanding of our business has been invaluable throughout this process, ensuring a smooth and successful outcome."

Alasdair Hall, Legal Director and Real Estate lead on the transaction commented, "Our client team provided a seamless collaboration between our Banking and Finance specialists and Real Estate experts and it was a pleasure to work with Mole Valley's dedicated Estates and Finance Teams to deliver the complex property elements of this transaction."

Ken Lewins, Client Partner commented, "Mole Valley Farmers, as a farmer shareholder-owned business, uniquely exists to improve productivity, profitability and sustainability for its customers, delivering through a focus on and dedication to collaboration and co-operation. That focus reflects our own commitment and dedication to the delivery of sector expertise and exceptional service to our clients in the Retail & Consumer space. We look forward to contributing to Mole Valley's ongoing success."