Italian distributor Esprinet has secured a three-year credit facility worth up to €152.5m with a host of banks.
The distie said it had initially set out to hit funding of €125m, claiming that the oversubscription is "proof of the positive attitude of the banking system" towards the firm.
Alessandro Cattani, CEO at Esprinet, said: "The signing of the new revolving credit facility adds an important element to our financial strategy that has always been based on achieving the required degree of stability and flexibility of our funding sources.
"Thanks to the new credit line our group is ready from a financial point of view to support future development plans."
Esprinet said that the funding comes after the payment of a previous €72.5m loan facility.
It said the new funding "strengthens its financial structure which is deemed to be adequate to support future business prospects".
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