Case Studies
- Advising Royal Bank of Scotland on a £9.2 million debt facility provided to an international freight forwarder.
- Advising HSBC in connection with the MBI of Radinvest Limited.
- Advising Royal Bank of Scotland Commercial services on numerous occasions on compliance with financial assistance whitewash procedures.
- Advising Royal Bank of Scotland on a £13.8 million secondary MBO financing.
- Advising Royal Bank of Scotland on the funding of various property acquisitions with values between £1 million and £6 million to include investment properties subject to commercial occupational leases and residential development sites.
- Advising clients including Bank of Ireland, Bank of Scotland, HSBC plc, Jordan International Bank plc and other clients on the acquisition and disposal of investment properties in a wide range of sectors including office developments, factories, industrial estates, retail and leisure.
- Acting for Lloyds TSB in connection with its own property portfolio.
- Advising the Royal Bank of Scotland on international security arrangements on property transactions.
- Acting for Allied Irish Bank in relation to the £6 million financing of City College Brighton & Hove (formerly Brighton College of Technology).
- Advising CAE Inc on establishing its backup guarantee to a £23 million line of credit to the Bank of Scotland.
- Advising Cinque ports Leisure Limited in connection with its £38 million debt refinancing.
- A major high street bank was advancing £4,700,000 to refinance a borrower’s care home portfolio of eight homes. We reviewed and co-ordinated the separate title reviews and reports and also synchronised the discharge of several different loans to different banks on completion. Given the number of properties we were able to make use of several team members to ensure that the transaction was progressed at maximum speed.
- A substantial hotel operator was borrowing £9,500,000 to refinance a loan secured on its hotel portfolio. There were three hotels and they were all owned by separate group companies. A second lender was also involved. We advised on the form of cross guarantees and ranking documentation, and helped bring the matter to a rapid, but fairly negotiated conclusion.
- One of our client banks was providing £10,550,000 facilities to a major menswear catalogue retailer. The facilities were complex (3 different types) as was the borrower group (a company, a general partnership and a limited liability partnership). We produced a tailored facilities agreement and obtained for our client the fullest security possible from each of the borrowers.
- A bank client wanted to provide an acquisitive borrower with standby funding of £81,000,000 to enable the borrower to finance a series of acquisitions over a number of years. We ensured that conditions precedent to future drawdowns were flexible enough not to unduly restrain the borrower from expanding its business but also specific enough to protect the bank’s position. The resilience of the negotiated conditions precedent has been tested and confirmed in subsequent drawdowns.
