Banking and finance
The banking and finance group represents clients in a wide variety of banking and finance transactions.
Our team adds value to financing transactions entered into by our corporate clients, where we are able to use our banking and finance expertise to assist in devising suitable deal structures. We also regularly advise our corporate clients on documentation and compliance issues.
The group's experience and expertise also lies in complex UK and cross-border transactions requiring a specialist, partner-led approach. Typically these deals involve negotiating and structuring finance arrangements with banks and asset-based lenders, syndications, property financing, bond issues and securitisations, capital markets and debt restructuring.
We are supported by our Commercial Dispute Resolution group who work with our clients in resolving a considerable number of banking and finance-related disputes and litigation cases.
For more information, please contact:
paul.kay@speechlys.com
Experience
Bank finance
Bilateral facilities
Acting for a listed company on the completion of in excess of £200 million of bilateral facilities with a series of banks.
Syndicated loan
Acting for a multi-national borrower on a syndicated loan, raising the equivalent of £150 million.
Syndicated loan
Acting for a foreign public company borrower on its syndicated loans and LC facility raising the equivalent of £500 million and €580 million.
Standard documents
Drafting standard form corporate banking and security documents for an overseas bank establishing operations in the UK.
Wembley National Stadium project
Acting for Wembley National Stadium Trust in its participation in the £750m Wembley National Stadium Project. We acted for the Trust in fixing its entitlements under the Wembley Project and its participation in the related security and inter-creditor arrangements.
Acquisition finance
Management buy-out
Acting for a leading UK lending bank in connection with the £6.3 million BIMBO of a global provider of media consultancy operating in the UK and Europe.
Management buy-out
Acting for one of the largest UK asset based lenders in relation to the provision of multicurrency acquisition and working capital facilities of an undisclosed amount to finance the MBO of certain businesses and assets of Yorkshire Chemicals PLC (in administrative receivership) in the UK, France, Germany, Italy and Spain.
Management buy-in
Acting for Venture Structured Finance (a division of Venture Finance PLC) in relation to the provision of a secured cross-border loan and receivables finance facility to finance the management buy-in of MAT Group Limited and its subsidiaries in the UK, France, the Netherlands, Belgium and Germany.
Financial markets
Bond issue
Acting for a mutual life assurance company on its issue of £125 million subordinated guaranteed bonds.
Bond issue
Acting for a listed UK plc on its inaugural sterling and dollar Eurobond issues raising £200 million and US$400 million respectively.
Repos
Acting for an institutional investor in establishing a series of tri-party repo structures.
Securitisation
Acting for a multinational professional staffing services group on its first UK receivables securitisation.
Regulatory
Advising the government of Brunei on the establishment of an offshore financialcentre, including designing and drafting the international banking and money laundering legislation and the regulatory regime.
Asset-based finance
Acting for one of the largest UK asset based lenders in relation to the provision of multicurrency acquisition and working capital facilities of an undisclosed amount to finance the MBO of certain businesses and assets of a company (in administrative receivership) in the UK, France, Germany, Italy and Spain.
Syndicated global multicurrency
receivables and inventory financing facility
Acting for a leading US/UK asset-based lender in relation to the documentation and negotiation of a syndicated US$30 million revolving credit facility, comprising secured lending and debt purchase lines made available to the members of a group of companies based in the USA, UK, Germany, France, Italy, Spain and Romania.
Restructuring
Acting for a leading UK receivables financier in connection with the restructuring of its client’s indebtedness into guaranteed loan notes and equity options, together with related inter-creditor arrangements.
Property Finance
£175 million refinancing
Acting for an Israeli property group on the largest ever portfolio refinancing by an Israeli group in the UK.
Property investment financing
Acting for a consortium of overseas investors on a seven year £25 million loan for the purchase of a flagship property in London's West End.
Refinancing of portfolios
Acting for an offshore healthcare receivables trust in relation to its UK nursing home portfolio acquisitions and related financings in excess of £110 million, ahead of an intended securitisation programme.