Loan Finance

We act for all types of clients in all industry sectors on loans. We specialise in bespoke and complex transactions and developing sophisticated financing structures and solutions.

We are ongoing legal adviser to the Association of Corporate Treasurers on Loan Market Association investment grade loan documentation. This gives us a depth of understanding of borrowers both in the private and public sectors. We also act for leading financial, commercial and industry players and banks, and so have a wide perspective of the market.

Operating in both the investment grade and sub-investment grade sectors of the market, we have experience in advising on many different types of facility:

  • single bank
  • syndicated
  • secured and unsecured
  • revolving and term
  • revolving with term-out option
  • multi-currency
  • swingline
  • letter of credit
  • guarantee and performance bond issuance
  • acceptance
  • conduit structures

These facilities are put to a wide variety of uses - public takeovers, private acquisitions, asset purchases, business expansion and property development as well as general corporate purposes.

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Slaughter and May is "great on complex transactions; it can do everything across the finance space". The Legal 500, 2015

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Our experience includes advising:

Premier Foods on a landmark 4½ year refinancing package including the extension of banking facilities of approximately £1.2 billion.

Old Mutual on a five-year, £1.2 billion, syndicated revolving credit facility.

ISS A/S, one of the world's leading facilities services companies, on the successful extension and amendment of its DKK 25.5 billion facilities.

Qatar National Bank (S.A.Q.) on the £1.15 billion financing of two landmark developments, known as The Shard of Glass and London Bridge Place (formerly known as New London Bridge House). The borrower is LBQ Limited, an entity which is majority owned by the State of Qatar.

Barratt Developments, one of the largest house building groups in the UK, on the agreement of a complete debt refinancing package announced in May 2011. The package includes, among other things, new £770 million committed bank revolving credit facilities.

Ministry of Finance of the Republic of Greece in relation to the provision of loans of up to EUR 80 billion to Greece by the other member states of the European Union which are in the Euro area.

Prudential on the financing arrangements in connection with the proposed combination of Prudential and AIA Group Limited. The combination did not proceed but the financing documents were signed, and included, among other things, a committed US$5.4 billion hybrid capital facility and a £1 billion committed contingent facility.

CEMEX, S.A.B. de C.V. on the complex and multi-jurisdictional refinancing of approximately US$15 billion of its existing debt, comprising syndicated loan facilities, private placement notes and bilateral loan agreements.

Taylor Wimpey, one of the largest house building groups in the UK, on the refinancing of its debt, including a revised £950 million credit facility, a £250 million high yield bond and a £100 million private placement loan.