HSBC Drives $125 Million for Design Group Refinancing Deal

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HSBC Group has led a $125 million refinancing deal for IG Design Group plc (Design Group), a prominent designer, innovator, and manufacturer of gift packaging, celebrations, craft and creative play, stationery, gifting, and related products. The transaction was spearheaded by HSBC USA, structured by HSBC USA’s Asset Based Lending team, and supported by HSBC UK, which provided $75 million in funding. NatWest contributed the remaining $50 million.

The new asset-based revolving credit facility will enable Design Group to meet its working capital requirements throughout the year and fulfill customer demand during peak seasonal gifting periods. The funding line has transitioned from UK-based to US-based, aligning with the majority of Design Group’s revenue generation and incorporating an innovative cash management structure to support the company’s global operations.

HSBC aims to provide not only financing and product solutions but also exceptional service, deep industry expertise, and cross-border collaboration to assist clients in achieving their growth objectives and targets. The bank’s ability to serve companies worldwide positions it as a leading international bank.

NatWest, as a supportive partner, is pleased to continue assisting Design Group with its evolving financing needs, this time by offering a new US-based receivables facility. Design Group CEO Paul Bal views the deal as a significant milestone in their efforts to restore pre-Covid performance and drive future growth. HSBC’s international reach has facilitated global funding for Design Group through its largest market, enabling the company to leverage its scale and capabilities.

Design Group operates globally, with its global headquarters in Newport Pagnell, Buckinghamshire. The company’s US operations are headquartered in Atlanta, Georgia, and it operates major facilities in South Wales, the Netherlands, and China.

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