AFI has secured a £70 million refinancing from asset based lender PNC Business Credit as the Group looks to accelerate its growth plans in both the UK and the Middle East.
David Shipman, Chairman of AFI, commented: this is a good deal for AFI and will enable us to continue taking advantage of both acquisition and organic growth opportunities as we head into an important period of growth for the Group.
AFI has recently purchased 18 new delivery vehicles and a further 27 will join the fleet during the next 18 months. The recent additions are nine Mercedes tractor units, five Mercedes 26 ton trucks and four DAF 32 ton trucks.
AFI Director, Nick Higgins, said: “We recognise the importance of running not only the most modern and efficient transport fleet but also to achieve minimum impact on the environment. …”