We have advised Fevara plc, an international specialist agriculture manufacturer and provider of research-proven, value-added livestock supplements, on the completion of a new Group banking facility with HSBC.
Fevara’s mission is to drive sustainable global food security through enhancements to pasture grazing productivity, enabled by research-based products that optimise livestock performance and profitability for farmers. The Group produces nutritional animal supplements including feed licks, blocks, bagged minerals, and boluses for cattle, sheep, goats and horses. Its globally recognised brands include SmartLic®, Crystalyx® and Horslyx®.
The new facility consists of a Revolving Credit Facility (RCF) with £20m of committed facilities and a further £10m of uncommitted facilities.
The new facility will support Fevara’s entry into complementary, counter-seasonal southern hemisphere markets, in line with its strategic priority to expand into new, extensive grazing-based growth markets.
