Go Outdoors in refinance deal

Outdoors retailer GO Outdoors has secured a £30m financial package from Lloyds Banking Group to fund its growth plans. The business said the three-year re-finance deal included £12.2m for trade finance to help deliver new lines to consumers by giving secure funding lines to work with suppliers. GO Outdoors operates from 30 outlets across the UK and plans to open ten stores per year. It said it also intends to increase investment in its online retail offering. 3i recently completed an investment in GO Outdoors to acquire a significant minority shareholding.