LED lighting maker Luceco has secured £25m funding from AIB to support its sustainability efforts.
The funding forms part of an upsized syndicated multicurrency revolving credit facility (RCF), increased from £80m to £120m.
Luceco aims to enhance existing product lines, expand through strategic acquisitions, and continue supporting customers on their journey to net zero.
Jonny Beckwith, head of diversified industries at AIB, said:. “Luceco’s clear focus on innovation, operational resilience, and environmental responsibility aligns closely with AIB’s values and our commitment to supporting clients on their journey toward a more sustainable future.
“We look forward to building a strong and lasting partnership with the Luceco team.”
AIB was part of a four-bank syndicate for this deal, working alongside HSBC, Barclays, and Comerica.
Source: https://www.insidermedia.com/
