Opening the door to a new relationship

Opening the door to a new relationship

Bank of Ireland begins new relationship with Tyman plc supporting its growth strategy, providing £35m

Bank of Ireland’s Industrial team has participated in the refinance of Tyman plc’s (‘Tyman’) £240m RCF. Established in 1993, Tyman is a leading component supplier to the door and window industry (a number of its brands date back much further), with a global manufacturing and distribution footprint. These facilities will continue to support management’s growth strategy as they expand their geographic footprint and market presence.

Commenting on the transaction, Andy Morris, Head of Industrials, Bank of Ireland, said: “We are delighted to establish a new relationship with Tyman, a leading name in the Industrials sector, and look forward to supporting them in their continued growth.”

This sentiment was echoed by Tyman, Group Financial Controller and Treasurer, Kevin O’Connell, who said: “We are pleased with the strong support from our relationship banks, and welcome Bank of Ireland to the group. The new facility strengthens and extends the Group’s financing arrangements, underpinning our ability to pursue our growth strategy.”

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