Pinsent Masons advises Simpson Malt Limited on £90m refinancing deal

01 Dec 2020 | 03:16 pm |

Multinational law firm Pinsent Masons has advised Simpson Malt Limited on a £90m asset based lending (ABL) facility with PNC Business Credit.

The deal will enable Simpson Malt Limited, the fifth-generation family malting and agricultural merchanting business headquartered in Berwick-upon-Tweed, to fund its working capital requirements as well as facilitating wider business expansion.

The team, led by partner Edward Sunderland and including property senior associate Margaret McNeill, banking associate Aaron Kenny and solicitor Sam Williams, advised on all elements of the deal. This involved co-ordinating the negotiations with the incoming funder, the repayment of the existing arrangements and managing the closing process, all on a remote basis due to Covid19 lockdown restrictions.

Commenting on the deal, lead partner Edward Sunderland said:

"We are delighted to have worked with our long-standing client Simpson Malt Limited on another important ABL transaction. The significant refinancing will allow our client to continue their proposed expansion as well as meet day to day working capital needs."

Graeme Hogg, Director at Simpson Malt Limited added:

“Pinsent Masons are our “go to” legal adviser on banking matters having advised on two previous ABL transactions. Their expertise comes with a practicality that we know will always contribute to a successful completion.”

Latest press releases

Show me all press releases

Pinsent Masons appoints Pamela McDonald as new head of its Doha office

Multinational law firm Pinsent Masons has named international arbitration partner Pamela McDonald as the new head of its Doha office.

Multiple wins for Pinsent Masons at China Business Law Awards 2022

Multinational law firm Pinsent Masons has won in seven categories at China Business Law Journal's annual awards.

Pinsent Masons advises Ørsted on its entry into the Spanish renewables market

Multinational law firm Pinsent Masons has advised Ørsted on its first four renewables’ partnerships in Spain.

People who viewed this press release also viewed

Show me all press releases

Multiple wins for Pinsent Masons at China Business Law Awards 2022

Multinational law firm Pinsent Masons has won in seven categories at China Business Law Journal's annual awards.

Pinsent Masons advises Scottish Widows on £320m buy-in of the De La Rue pension scheme

Multinational law firm Pinsent Masons has advised Scottish Widows on a £320m buy-in with the trustee of the De La Rue pension scheme.

Pinsent Masons has 2040 science-based net-zero target verified

Multinational law firm Pinsent Masons is one of the first law firms to have its global 2040 net-zero target verified by the Science Based Targets initiative, as it doubles down on efforts to reduce its impact on climate change.

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