Pinsent Masons advises lenders on £475m St. Modwen Properties refinancing

19 Dec 2017 | 04:11 pm |

International law firm Pinsent Masons has advised a syndicate of banks made up of Barclays, HSBC, NatWest, Santander UK and AIB Group on the £475 million refinancing of, Birmingham-based property group, St. Modwen Properties.

The unsecured revolving credit facility has an initial maturity of five years which can be extended to a maximum of seven years, subject to lender consent. The unsecured revolving credit facility replaces £488m of current bilateral secured debt facilities.

The Pinsent Masons team acting on the transaction was led by William Oliver, Real Estate Finance partner, with Esther Parkes and Emma Warby also working on the deal

Commenting on the deal William Oliver said:

“We are delighted to work with the banks on the new unsecured facility for St Modwen following on from acting on a similar deal on the new facilities for NewRiver REIT plc in the summer.”

Latest press releases

Show me all press releases

Pinsent Masons wins Construction Team of the Year at the Middle East Legal Awards

Multinational law firm Pinsent Masons has won Construction Team of the Year at the Middle East Legal Awards 2021.

Pinsent Masons collaborates with LifeArc on expert paper to support drug repurposing

Multinational law firm Pinsent Masons has collaborated with medical research charity LifeArc, on a new report offering expert advice, insights and practical tips to charities, researchers and funders hoping to repurpose drugs for other – often rare and fatal – conditions.

Pinsent Masons advises UCL on £300m sustainability bond

Multinational law firm Pinsent Masons has advised University College London (UCL) on its debut issue of £300m 1.625% sustainability bonds due 2061 - the first publicly listed sustainability bonds in the higher education sector.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises UCL on £300m sustainability bond

Multinational law firm Pinsent Masons has advised University College London (UCL) on its debut issue of £300m 1.625% sustainability bonds due 2061 - the first publicly listed sustainability bonds in the higher education sector.

Pinsent Masons advises Farra Marine on Ireland’s first next generation wind farm service craft

Multinational law firm Pinsent Masons has advised crew transfer vessel owner and operator Farra Marine on Ireland's first next generation wind farm service craft, the Farra Orla.

Pinsent Masons launches its tax practice in Spain

Multinational law firm Pinsent Masons has hired Gonzalo Gil Suarez in Madrid to lead the firm’s tax law practice in Spain.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts