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ABM Industries has disclosed a US$300m trade receivables financing agreement, adding a new funding source as stronger working-capital management helped lift nine-month free cash flow to US$199.6m. The US facilities, engineering and infrastructure services group revealed the agreement alongside its...
#ABM Industries#accounts receivable#Cash flow
Sysco has added a US$750m senior unsecured delayed-draw term loan to its financing package, giving the food distribution group another…
#acquisition finance#Bank of America#CoBank
IDEX Corporation has extended the maturity of its US$800m revolving credit facility to September 2031, giving the US industrial group…
#Bank of America#corporate liquidity#IDEX Corporation
Brazilian steelmaker Gerdau has replaced its US$875m global working-capital revolver with a US$1.125bn senior unsecured facility, increasing committed liquidity by…
#BBVA#Brazil#corporate liquidity
For years, supplier finance programmes operated largely behind the scenes. While they provided an important source of working capital for…
#corporate liquidity#FRS 102#Payables finance