Daisy Group secures financing

Business communications service provider Daisy Group is on the hunt for more acquisitions after signing a three-year agreement for new banking facilities worth £200m. The deal, which replaces the group’s existing facility of £140m, is made up of a £50m loan and £150m revolving credit facility. The facilities have been arranged with ING Bank, Barclays, HSBC, Lloyds, RBS and Yorkshire Bank, which have committed £33.3m worth of funding each.