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 MPillay advises SUSI Partners on investment in Alba Renewables

Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.

Pinsent Masons advises La Bottega on Australian acquisition

Multinational law firm Pinsent Masons has advised Italian producer of hotel essentials La Bottega on its acquisition of a majority stake in Australian company Vanity Group.

Pinsent Masons promotes 22 to its partnership

Multinational law firm Pinsent Masons has boosted its global professional services capabilities with the promotion of 22 new partners.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons promotes 22 to its partnership

Multinational law firm Pinsent Masons has boosted its global professional services capabilities with the promotion of 22 new partners.

Pinsent Masons hires senior finance partner Nick Tostivin to lead its Finance team in London

Multinational law firm Pinsent Masons has appointed partner Nick Tostivin to join its rapidly expanding financial services team in London, where he will lead the Finance team.

Pinsent Masons advises Lloyds Bank on £62 million fund to invest in sustainable business and regional development

Multinational law firm Pinsent Masons has advised Lloyds Bank on the launch of a £62 million investment fund to help small businesses across England and Wales access finance to support local jobs and economic activity.

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

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.