Pinsent Masons advises Halfords on £300M revolving credit facility
29 Nov 2010 | 12:00 am |
International law firm Pinsent Masons has advised long-standing client, Halfords on the refinancing of its £300 million credit facility.
Halfords Group plc is the UK’s leading retailer of automotive, leisure and cycling products and through Nationwide Autocentres also the UK’s leading independent car servicing and repair operator. Headquartered in Redditch, Worcestershire, Halfords has 469 stores across the UK and Republic of Ireland, making it one of the largest non-food retailers in the country.
The Pinsent Masons team advising Halfords was led by London banking partner Martin Bishop assisted by Suggen Dosanjh and Tom Griffiths. Investec provided debt advisory services to Halfords.
Martin Bishop of Pinsent Masons commented: "We are delighted to have advised Halfords on another significant transaction. Earlier this year Pinsent Masons advised Halfords on the acquisition of Nationwide Autocentres, the UK's leading independent car servicing and repair operator. This re-financing is the latest in a string of £100m plus transactions we have advised on in the investment grade space over the course of the last 18 months."
Nick Wharton at Halfords commented: "Pinsent Masons and Investec worked together extremely efficiently, assisting Halfords in the smooth refinancing of its maturing facility."
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