Essar Oil UK secures $150m in receivables financing


Essar Oil UK, the company that operates the Stanlow refinery at Ellesmere Port, has agreed a deal worth $150m.

The company has completed the financing of a $150m receivables portfolio with Hamburg Commercial Bank AG (HCOB) and Mizrahi Tefahot Bank Ltd (UMTB). This new facility will be used for working capital and general corporate purposes.


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Posted on Oct 5, 2023
Region: UK
receivables finance
working capital, Essar Oil, Hamburg Commercial Bank, Mizrahi Tefahot Bank, Deepak Maheswari