Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 17-08-2017 | Practice Area: | International Finance and Bank Credit | ||||||||
| Deal Title: | Non-Standard Finance plc Acquisition of George Banco Limited | Industry: | Financial Services | ||||||||
| Description: |
Slaughter and May advised Non-Standard Finance plc (NSF or the Group) on the debt financing aspects of its GBP53,500,000 acquisition of George Banco Limited by NSF's indirect subsidiary, Everyday Loans Limited (the Acquisition).
The financing consisted of two new term loan facilities of GBP175,000,000 and GBP50,000,000 respectively, provided by a group of institutional investors led by Alcentra Limited, as well as a new GBP35,000,000 revolving credit facility provided by National Westminster Bank plc. In addition to funding the Acquisition, the amounts initially borrowed under the facilities were applied towards refinancing all of the Group's existing debt facilities, and additional drawings would be available to support the Group's future growth and general corporate and working capital requirements.
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| Financial Center: | London | Value: | 0.00-100.00 | ||||||||
| Advised Party: | Borrower | Law Firm | Slaughter and May | ||||||||
| Borrower Jurisdiction: | United Kingdom | Lender Jurisdiction: | United Kingdom | ||||||||
| Classification: |
Acquisition Finance |
Lawyer | Richard Jones | ||||||||
| Further Information: |
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