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.”
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons has advised Tokai Carbon on the sale of its German subsidiary TOKAI ERFTCARBON GmbH
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Pinsent Masons advises on Shackleton exit
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Pinsent Masons named by The Times as a Top 50 Employer for Gender Equality
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises on Shackleton exit
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Pinsent Masons act as key adviser to Dalmore Capital in relation to acquisition by Royal London
Multinational Law firm Pinsent Masons played a key role in advising the UK-based infrastructure asset manager Dalmore Capital through its acquisition by UK pensions and investment giant Royal London.
Pinsent Masons advises Balbec Capital on its first European public securitisation
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.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]