LEGAL | Staff Reporter, UK

Coffee shop and fast food operator Auriga Holdings receives £13.95 million funding from Metro Bank

The funds will be used to support the food operator’s existing debt and working capital.

Coffee shop and fast food operator Auriga Holdings has received a £13.95 million debt facility from Metro Bank.

The funds will be directed to the company’s estate and as well as to fuel the launch of more hospitality sites.

“We are delighted with the prospect of working with Metro Bank to facilitate our growth over the coming years. They have been very supportive throughout our banking migration process, and their dynamic and proactive approach to lending will be critical in our future plans,” Afnan Bashir, managing director at Auriga Holdings, said.

“This deal is particularly exciting for us as it marks Metro Bank’s largest loan package in the franchise sector to date,” Metro Bank’s managing director for commercial banking Mark Stokes added.

“Our expert knowledge and personal approach enabled us to create a funding solution that will support Auriga’s existing debt and working capital. We look forward to working closely with the management team in delivering projected plans and continued success.”

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