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Commercial Credit News
|Lloyds Bank provides Cennox with multi-million package to fund US acquisition|
|Thursday, 18 June 2015|
Lloyds Bank Commercial Banking has provided a multi-million package to Cennox, a global ATM servicing company, to support its acquisition of PSSI International Inc. The deal will enable the firm to bolster its presence in the United States, the world’s second largest ATM market.
The funding facility has been designed to meet the cost of the acquisition, while providing the extra capital required to fully integrate PSSI with Sterling Inc, Cennox’s US subsidiary.
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