If you are financing the acquisition of a business, property or other asset, or refinancing or extending lines of credit, the Penningtons Manches Cooper banking and finance team has the expertise to help. Whatever you need, we will provide sound advice and negotiate finance arrangements to meet your business requirements.
Our banking and finance team advises on a wide range of funding arrangements. The team acts for borrowers and lenders, including advising owner managed businesses and international banks.
Our expertise covers secured and unsecured credit facilities (bilateral and syndicated), development and property finance, acquisition finance, project finance, asset finance, receivables finance, trade finance, mezzanine finance and other structured finance transactions including complex intercreditor and security sharing arrangements.
The team has particular expertise in financings for technology businesses, care providers and educational organisations. The team also works closely with our construction and real estate teams to securitise construction projects and PFI schemes.
Acting for the borrower on a £120 million financing. The funds were provided in two tranches for the purchase of the property and its subsequent development into a high end hotel in the centre of London.
Advising a bank on the £7 million financing, by way of a revolving credit facility, made available to facilitate the acquisition of a group of companies by a private equity backed management buyout.
Advising the borrower, one of the largest social businesses in the UK, on its £27 million financing. The facility, based on Loan Mark Association documentation, comprised term, revolving credit and development facilities and also included ‘green covenants’ to reflect the borrower’s ethical credentials.