Banking and finance

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Banking and Finance

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If you are financing the acquisition of a business, property or other asset, or refinancing or extending lines of credit, the Penningtons Manches banking and finance team has the expertise to help. Whatever you need, we will provide sound advice and negotiate finance arrangements to meet your business requirements.

Our banking and finance team advises on a wide range of funding arrangements. The team acts for borrowers and lenders, including advising owner managed businesses and international banks.

Our expertise covers secured and unsecured credit facilities (bilateral and syndicated), development and property finance, acquisition finance, project finance, asset finance, receivables finance, trade finance, mezzanine finance and other structured finance transactions including complex intercreditor and security sharing arrangements.

The team has particular expertise in financings for technology businesses, care providers and educational organisations. The team also works closely with our construction and real estate teams to securitise construction projects and PFI schemes.

We offer expert advice on:

Recent work highlights

£34,700,000 financing for a manufacturing business

Advising on a £27,500,000 term loan facility and a £7,200,000 confidential invoice discounting facility. The finance was used to refinance existing debt and provide working capital. The finance is secured by property, receivables and other assets.

£12,800,000 financing for a care provider

Advising on two financings of £8,200,000 and £4,600,000 provided by two banks for a specialist high dependency care provider. The finance was used to refinance existing debt, fund an equity release and provide working capital.

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Penningtons Manches LLP

Penningtons Manches LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority. San Francisco is an associated office.

Penningtons Manches LLP