Slaughter and May advised The Restaurant Group plc on the amendment and extension of its debt facilities

Slaughter and May advised The Restaurant Group plc (“TRG”) on the amendment and extension of its debt facilities, comprising a £220 million term loan facility (the “Term Loan”) and a £120 million super senior revolving credit facility (the “RCF”).

As part of this amendment and restatement exercise, TRG extended the maturity of the Term Loan and RCF by around two years, to April 2028 and March 2027 respectively, and also reset the covenant package to provide additional covenant flexibility until March 2025.