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Fri April 23 2021

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New credit facility for Hewden

27 Mar 15 Plant hire firm Hewden Stuart has secured a new £135m credit facility to fund growth plans.

The credit facility is led by Bank of America and supported by five other international financial institutions.

Hewden chief financial officer Darren Woods said; “The new debt facility will enable Hewden to further its market penetration and growth plans as we continue our aggressive investment strategy in new assets, which over the past 24 months has seen us place orders with our suppliers for over £100m of capital expenditure.  2015 will see a continuation of this plan as the company establishes its position at the forefront of the UK plant rental industry.”

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