In a constantly changing global marketplace we are always looking at how we can best help our clients satisfy their debt financing requirements. We have a breadth of experience in advising clients on debt financings extended by non-bank lenders including:
- note issuances into the US private placement market
- loans from insurance companies and other institutional investors
- other alternative sources of debt financing
We also advise a number of clients on their fundraising with the Green Investment Bank, the European Investment Bank and Infrastructure UK.
'When we did our last financing it was also dealing with private placement noteholders, other funds and banks and what you get with Slaughters is that they don't have silos for each of those debt providers ...the Slaughters team can read across and understand the whole thing' IFLR 1000, 2013View all Financing media comments
Our recent experience includes advising:
Clients including Drax Group, Workspace, Barratt, and Taylor Wimpey in relation to bilateral loans entered into with the Prudential/M&G UK Companies Financing Fund.
Drax Group on a loan note facility with Friends Life, supported by a guarantee from HM Treasury issued under the UK Guarantee Scheme.
Derwent London plc on a new £83 million 12 year secured debt facility with Cornerstone Real Estate Advisers, a member of the MassMutual Financial Group.
On US private placement note issuances by clients including Workspace, Barratt, Ultra Electronics, Whitbread, WS Atkins, FirstGroup, Premier Oil, Berendsen, Musgrave Group, China Power New Energy Development, CSL Limited, Aegis Group, Senior Plc and a number of others.
Clients in relation to distressed funding arrangements, including advising, in conjunction with Paul Weiss, the Unofficial Committee of Prepetition Senior Secured Noteholders of Exide Technologies, in connection with the company's Chapter 11 case and related post petition financing which was partially provided by a group of non-bank lenders.
Drax Group on an up to £100 million amortising term loan facility from the UK Green Investment Bank.
A UK client entering into a Schuldschein, advising in conjunction with Hengeler Mueller in Germany.
The Department for Business, Innovation and Skills on the establishment of the UK Green Investment Bank, which aims to enable long term investment in sustainable projects.
The Department for Business, Innovation and Skills on the establishment of the British Business Bank, a UK Government initiative to improve access to finance for small and medium sized businesses.
HM Treasury on establishing the Business Finance Partnership which aims to increase the supply of capital through non-bank lending channels and, in the longer term, to help diversify the sources of finance available to small and medium sized businesses.