Case Study: Media Group unlocks £90m covenant-compliant receivables financing with GardeniaTech

Media Group unlocks £90m receivables financing with GardeniaTech

GardeniaTech worked with a global media group that needed to unlock £90 million in financing for operations and growth. The customer faced the challenge of accessing this funding without impacting its existing debt covenants, all while managing a complex data landscape with receivables scattered across five different ERP systems and having limited bandwidth for operational changes.

GardeniaTech designed and implemented a bespoke Early Pay Receivables Finance Programme. This solution provided a £90 million non-recourse facility with a 90% advance rate and competitive interest, all while ensuring zero impact on the customer's covenants. The programme delivered significant operational benefits, including unchanged payment processes and real-time monitoring, successfully meeting the customer's financial and strategic goals.