Together has announced a further increase in its funding, with the issuance of £150m in senior secured notes.
The specialist lender says the increased funding aligns with its “ambitious growth plans” across both its commercial and personal finance businesses.
Gary Beckett, group managing director and chief treasury officer at Together said: “Alongside our established securitisations and recent successful debut RMBS (residential mortgage-backed security), our bonds are an important cornerstone of financing the continued growth of our loan book. This bond tap offers increased liquidity to an already successful issue and adds further depth and diversity to our funding structure.”
Marc Goldberg (pictured), Together’s commercial CEO said: “Having been providing finance for 44 years, we’re established as leaders in the specialist lending market, but we have big plans for continued growth. This additional funding will enable us to support more customers, and is a testament to the strength of our successful business model.”
Personal finance CEO Pete Ball, added: “In the past year we’ve widened our distribution across mainland UK and expanded our product offering so that we can help even more customers to access the finance they need, so we’re delighted with this £150 million increase in funding which will enable us to continue with our expansion.”