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Case Study

Samworth Brothers draws on $150 million multi-currency shelf

Based in Leicestershire, Samworth Brothers is a leading producer of private label as well as branded chilled and ambient food products serving the UK retailing and foodservice sectors.

Case Study

Samworth Brothers draws on $150 million multi-currency shelf

Based in Leicestershire, Samworth Brothers is a leading producer of private label as well as branded chilled and ambient food products serving the UK retailing and foodservice sectors.

At a Glance

Prudential Private Capital initiated a direct calling relationship with Samworth in 2008 and has developed business understanding and trust since that time. Samworth was always attracted to the relationship-nature of our capital, albeit with a consistently conservative balance sheet. While the Company had no immediate debt requirements, it valued the option of long-term capital from an uncorrelated, institutional source. As a result, in 2021, Samworth chose to put an undrawn $150,000,000 Pru- multi-currency Shelf facility in place.

A shelf allows real-time executable quotes and a very short window between lock and funding. As a result, when the need for capital arose, Prudential was able to act quickly and close on a £50,000,000 investment in September 2023. Our existing relationship and ability to provide quick access to long-term financing was key in the Company’s decision to partner with us. We have a history of lending to family businesses, with an aligned long-term mindset, which complements our established expertise in funding much of the FTSE-350.

We are delighted to have partnered with Samworth Brothers, and we look forward to supporting the business for the long-term.

Relationship since 2021
Transaction details:
  • £50,000,000 Senior Unsecured Notes
Meet the team
“We are very pleased to formalise our strong partnership with Prudential. Their long-term commitment to our business and focus on cultivating relationships has been key in meeting our financing needs. Prudential’s proactive approach and attention to detail have streamlined the financing process, ensuring efficiency and a smooth transaction.”
Steve Bailey, CFO Samworth Brothers Ltd

The Full Story

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Ed Barker, CFA
Managing Director
+44 207 621 8429
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London Corporate Finance

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