Banking and Finance

Our Banking and Finance team handles a broad variety of finance work for lenders, including banks, and borrowers.

This ranges from handling documentation at the larger Loan Market Association (LMA) end of the market through to advising on various clients’ standard loan, security and intercreditor documentation and whether for new facilities, refinancings or debt restructurings (where we will work closely with our Business Restructuring team).

Whilst we typically handle deals in the fields of corporate lending, acquisition finance and real estate finance, we have been seeing more work in specialist areas like asset-based lending and venture debt where we have deep insights into the expectations of the market participants. In addition, much of our work supports private equity structures and many clients’ ongoing debt finance requirements.

We have acted for a number of highly leveraged private equity-backed buy-out and special purpose property vehicles, entailing debt for equity swaps, intercreditor arrangements, hedging product claims, cross-border and tax mitigation issues.

Our real estate finance offering benefits from the very close liaison between our Banking and Finance and Real Estate teams which enables us to offer a fully integrated service to clients which include a number of leading bank and non-bank lenders.

Recent Experience

  • Advising a long-standing bank client on its refinancing of a multi-tenanted central city office block.
  • Advising a borrower and PE-investee company on £12.5 million term loan and RCF facilities provided by Shawbrook Bank on a long form LMA senior facilities agreement.
  • Advising a borrower and PE-investee company on an £8.75 million term loan facility provided by a Luxembourg debt fund on a long form LMA senior facilities agreement.
  • Advising a borrower and PE-investee company on £21 million term loan and RCF facilities provided by a Luxembourg debt fund on a long form LMA senior facilities agreement.
  • Advising a borrower and its existing and new investors on a £32.5 million term loan and RCF facilities provided by a US debt fund on a long form LMA senior facilities agreement.
  • Advising a car parts business on its rescue refinancing by its major stakeholder including a receivables facility.
  • Advising a major restaurant group on its LMA senior term refinancing with HSBC incorporating a CBILS facility.
  • Advising a private equity provider and the board of a manufacturer in connection with the senior debt (via an LMA senior term and revolving loan facility and junior debt (via the issuing of loan notes) being advanced to fund a proposed corporate acquisition.
  • Advising a lender in relation to a bilateral term loan facility advanced to a property developer for the purposes of refinancing their existing indebtedness.
  • Advising a lender in relation to a bilateral real estate development term loan facility in connection with the development of a new hotel.
“Brett Israel has been a trusted advisor to the Bank for well over 20 years and he is our ‘go to’ for advice across a range of complex banking issues.”
Head of Corporate Banking, Bank Mizrahi-Tefahot
“Hugh Gardner helped us very professionally, skilfully and successfully to negotiate a revolving credit facility deal with an AIM listed company.”
Managing Partner, Flemmings
“I have used Hugh and the MH property finance team for 10 years now because I trust their ability to solve whatever legal and practical problems arise…with speed, common sense, sensitivity and good humour.”
Chairman, LSL Partners