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.”
Key Contacts
Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
Multinational law firm Pinsent Masons has appointed pensions partner Anna Taylor, to join the firm’s Finance and Projects team in London.
Multinational law firm Pinsent Masons has today announced its latest round of partner promotions, with 24 set to join its global partnership on 1 May.
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