Bus manufacturer in refinancing deal

#transport #mfg #manufacturing #engineering Optare — the bus manufacturer based in Sherburn, North Yorkshire — has announced a £23 million refinancing deal with Barclays.

The company employs more than 200 people and has a turnover of around £70 million.

Chief financial officer Ramesh Narasimhan said: “Since Optare was acquired by Ashok Leyland, we developed a plan that required a strategic banking partner with a global presence, a quality cross-border relationship model and the willingness to back a plan by providing competitive banking facilities.”