Consolidated Bakeries recently secured a J$600 million 10 year credit facility from Sagicor Bank Jamaica.
The company says the loan will be used to refinance debt, fund capital expenditure, and support its working capital needs.
This will include the liquidation of existing loan agreements, investment in plant upgrades and improvements in productivity.
Anthony Chang, CEO of Consilidated Bakeries, says the credit facility puts the company and its Purity brand in a position to accelerate growth, while optimising the cost of capital.
Micheal Willacy, Senior Vice President for Corporate Banking at Sagicor, says the bank is pleased to support the company in this phase of its development.
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