The banking and finance team at Spearing Waite solicitors in Leicester has advised The Deltic Group on its recent bank refinancing.
Deltic, a late-night bars and clubs operator based in Milton Keynes, refinanced its term loan and revolving credit facilities with HSBC in order to meet working capital requirements and in preparation for future expansion and potential acquisitions.
The new financing means that Deltic will continue to work closely with HSBC to support the operations of the business, fund further growth and invest in existing sites.
Haydon Simmonds, Partner, Banking & Finance at Spearing Waite, said:
“The banking team at Spearing Waite is delighted to have supported the Deltic team through this strategically important financing transaction. Deltic is the UK’s leading operator of late night venues and has ambitious plans to grow the business further. Spearing Waite is proud to be a trusted adviser to the group and its leadership team on corporate, real estate and banking legal matters and we look forward to supporting the business moving forward.”
Alex Millington, Deltic’s Group Finance Director, said: “The advice and support we receive from the team at Spearing Waite is second to none and they always help our transactions run smoothly.”
In his new role at Spearing Waite, Haydon is developing the firm’s specialist banking and finance team, working closely with Corporate Group head Martin Smith and Real Estate Finance head, Nisha Gohel.
Haydon’s experience spans advising both borrowers and lenders across a wide range of domestic and cross-border corporate banking and real estate finance transactions.
For more information or advice, please contact Haydon Simmonds.