Refinancing

A flexible method of financing over a fixed period secured against a company’s existing unencumbered assets.

The release of capital tied up in existing assets by buying the asset from the customer and leasing it back over a period to give the customer a cash injection.

An alternative to the traditional methods of financing, Ibex Finance can arrange the refinancing secured on most types of used assets based on their value. Operating lease, finance lease or hire purchase products can all be used within a Refinancing.

The financial institution purchases the assets from the customer and finances it over a fixed term depending on the life of the asset. At the end of the term the asset can be returned, purchased or the finance extended depending on which product is used for the Refinancing.

The cash injection from refinancing can be used for many objectives such as an acquisition, management buy-outs, future growth, replacing an existing debt obligation or additional working capital.

Refinancing can also be used to restructure an existing lease or hire purchase agreement such as extending the term in line with the life of the assets financed or refinancing a balloon payment or residual value.