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Deals

More NatWest business customers get access to alternative lending

All of NatWest’s business and commercial customers can now access an expanded panel of alternative lenders to which they can be formally referred if borrowing directly from the bank is not possible. The panel, called Capital Connections, builds on NatWest’s existing partnerships to signpost small business customers to alternative sources

Goldman Sachs and Deutsche Bank lead on USD815m Suddenlink refinancing

Law firm Paul Hastings has advised Goldman Sachs and Deutsche Bank as lead arrangers and bookrunners on the USD815 million term loan B refinancing of Suddenlink’s existing term loan facilities. Suddenlink is the seventh largest US cable operator with approximately 1.5 million subscribers.   In June 2015, Paul Hastings advised JP Morgan

SIB enters alternative lending market with LendingCrowd

LendingCrowd, a UK alternative finance lender, has partnered with the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise, in an initiative that will see GBP2.75 million invested in Scottish SMEs across the LendingCrowd platform. It is expected that the move will stimulate loans of up to GBP35 million

Shepherd and Wedderburn advises GIB on local authority streetlight financing

UK Green Investment (GIB) is to provide Kent County Council with a GBP10.2 million green loan to help finance the local authority’s GBP40 million streetlight conversion programme. The project involves the replacement of 120,000 traditional streetlights with energy-saving LED alternatives and the installation of a central management system (CMS), increasing

Legal & General completes GBP175m refinancing of Arora Group debt

Legal & General Investment Management Real Assets (LGIM Real Assets) has completed a new loan to the Arora Group, for GBP175 million over 15 years, refinancing existing debt for Arora in the current low interest rate environment. LGIM Real Assets arranged the transaction for a third party client alongside its

Kimble secures GBP1.5m loan from Barclays

Barclays has signed a GBP1.5 million money market loan agreement with Kimble, a business performance software provider. The funding agreement was signed by Lorraine Ruckstuhl from Barclays and Sean Hoban from Kimble, to provide the business with working capital for future growth.   The funding comes from Barclays’ GBP200 million

Wind farm

NTR secures GBP27.3m debt facility for 18MW wind project

NTR has closed its second project debt facility this year with Ulster Bank, securing a GBP27.3 million (circa EUR30 million) project finance debt facility. The debt facility will be used to finance the construction of the Altaveedan wind farm, a 18MW wind farm based in Co. Antrim, Northern Ireland, acquired

Swyx and Deutsche Telekom sign strategic agreement

Dortmund-based unified communications provider Swyx is to strengthen its cooperation with Deutsche Telekom after reaching a record number of 750,000 users this summer with 130,000 in the past year. Both companies have signed a strategic cooperation agreement up to 2021. In addition, Deutsche Telekom has increased its existing stake in

BlackRock refinances wind portfolio in England

A fund managed by BlackRock Real Assets has completed the refinancing of five operational wind projects in England with ING, which provided a GBP55 million long term debt facility. The 46MW wind portfolio is located throughout England and the projects have been operational for three years on average.   The

Investec supports Waterland’s acquisition of Scholt stake

Investec Corporate & Acquisition Finance, KBC and Rabobank have jointly provided debt finance facilities to support Waterland’s acquisition of a stake in energy supplier Scholt. The acquisition is being made alongside the original founder, Jan Scholt, and Scholt’s management.   The deal marks Investec’s eighth recent financing transaction in the

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