Banking and Debt Finance
Debt finance continues to be one of the most widely used methods of raising capital. Yet it still presents high levels of financial risk if incorrectly structured. Lenders need to be confident that adequate security is in place to protect their money. Borrowers need to pay particular attention to the future - ensuring that repayment terms will not jeopardise their business’s long-term strategy and growth.
Our Banking and Debt Finance Group structures debt finance for many leading lenders (banks and non-banks) as well as their borrowers and intermediaries. We can assist institutional funders, mezzanine funders and equity funders. In the period 2005 - 2006 we have advised on transactions totalling more than £1 billion.
Our expertise covers:
- General lending work - secured or unsecured, single bank and syndicated, acting for lenders and borrowers
- Project finance generally, but with a particular emphasis on real estate
- Asset-based financing, including lease financing and structured finance products
- Banking and regulatory compliance work, including obtaining financial services authorisations
- Rescue and restructuring initiatives
- Cross-border financing
- Real estate finance
- Receivables financing
- Production of standard form lending and mortgage documentation for bank/lender clients.
For further information about our services or to discuss a particular situation, please contact Matthew Lindsay on +44 (0)20 7440 7138 or by email.
Work Highlights
Recently, our team has advised the following:
- Allied Irish Bank on its £8m loan and security to Harodene Limited in connection with its acquisition of large central London hotel owner Ravensmead Limited.
- Anglo Irish Bank Corporation in its lending to four different commercial borrowers for loans of up to £20m.
- MacLellan Group Plc on its acquisition finance of First Security Group Limited. The deal combined a simultaneous vendor placing of £10m on AIM with £10m of financing provided by Barclays Bank.
- A major property investor on their mezzanine financing to a BVI registered special purpose vehicle to assist with the acquisition of five hotels.
- A major investment company on the disposal of £400m of debt and equity interests in a large national entertainment group.
- A major petroleum group on a large-scale acquisition programme and related working capital funding of a large independent fuel filling station operator, involving the provision of more than £75m of debt financing.
- Godrej Consumer Products, one of the largest multinationals in India, on an acquisition finance of a consumer brands company, involving the provision of senior debt by ICICI bank.
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