Published 07/09/2024 7:58:08 a.m.

Naked Wines secures £47m boost as finance chief heads for exit

Summary by City AM

Naked Wines has announced the departure of its chief financial officer as it secured a $60m (£47m) boost. CFO James Crawford will be stepping down from his role at the London-listed wine vendor as it confirmed the new credit line with PNC Bank, replacing its previous agreement with Silicon Valley Bank. The five-year facility is secured against global wine assets with the company paying an annual interest rate of 2.75-3.25 per cent above the secu…

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Naked Wines secures £47m boost as finance chief heads for exit

Naked Wines has announced the departure of its chief financial officer as it secured a $60m (£47m) boost. CFO James Crawford will be stepping down from his role at the London-listed wine vendor as it confirmed the new credit line with PNC Bank, replacing its previous agreement with Silicon Valley Bank. The five-year facility is secured against global wine assets with the company paying an annual interest rate of 2.75-3.25 per cent above the secu…

07/09/2024 7:58:08 a.m.·London, United Kingdom

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