Wells Fargo, Barclays Backed Collapsed Headlam With £85 Million

Wells Fargo and Barclays provided financing of up to £85 million to Headlam Group, a British flooring distributor, several months before Headlam appointed insolvency officials. The companies had extended credit to Headlam prior to the distributor's financial collapse. Headlam subsequently entered insolvency proceedings following the funding arrangement.

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