AURELIUS Finance: GBP18.5m refinancing for Trutex Limited’s success boost.

February 27, 2024
1 min read


  • AURELIUS Finance Company provides GBP18.5m refinancing facility to Trutex Limited
  • Facility includes a revolving asset-based loan and cashflow loan to support Trutex’s working capital needs

AURELIUS Finance Company, the Private Debt segment of AURELIUS, has provided a GBP 18.5m refinancing facility to Trutex Limited, a long-standing schoolwear producer in the UK. The facility, which includes a GBP 15m revolving asset-based loan and a GBP 3.5m cashflow loan, aims to support Trutex’s working capital needs and help the business grow domestically and overseas. By tailoring the facility to Trutex’s specific requirements, AURELIUS Finance Company was able to provide a competitive and flexible financing solution.

Trutex Limited, with over 150 years of history, is known for supplying quality school uniforms to retailers, distributors, and schools worldwide. The new facility will provide working capital headroom throughout the school year, allowing Trutex to build its order book ahead of peak trading periods. The successful outcome of this refinancing deal highlights the importance of non-traditional lenders in supporting strong-performing businesses that may lack access to stable working capital.

Key players in the deal, including Matthew Easter, Group CEO at Trutex Limited, and James Marler, Director and Head of New Business at AURELIUS Finance Company, highlighted the collaborative and tailored approach that led to the successful structuring and delivery of the facility. The involvement of institutional funding lines and advisors from Squire Patton Boggs, Hilco, Alvarez & Marsal, and Walker Morris further reinforced the strong partnership between AURELIUS Finance Company and Trutex Limited.

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