Financial services

  • Overview

    Weightmans' financial service unit advises banks, borrowers, funds and local government entities on debt finance.  We provide advice on bilateral and syndicated loan arrangements including development finance, corporate acquisition finance and fund work.  We advise on the establishment, regulation and dissolution of investment funds, including venture capital funds.

    Recent advice to banks has included:

    • Advising a high street bank on the restatement of senior syndicated facilities to a property war chest fund involving a substitution of Banks and a re-designation of debt where the aggregate finance exposure was £314 million, and our client bank’s exposure was £23million.
    • Advising on the re-designation of debt following the anticipated  exit of £12 million on a syndicated lend, involving 3 syndicated Term Loans, 2 Tranche CAPEX Facilities all in connection with a corporate acquisition

    Weightmans’ team advise banks and borrowers on security, intercreditor and related matters.

    We advise developers on all aspects of project, construction and development finance.

    Recent deft finance advice to large corporates includes:

    • Advisor to a national transport business on receipt of £30million facility from HSBC for working capital and acquisition purposes.
    • Advisor to the borrower on the receipt of €100,000,000 multi-purpose syndicated facility, including an Invoice Discounting line, asset financing, revolving credit facility, term loan and letter of credit line.

    In addition to private sector lending, we have extensive experience of advising on the establishment of European Structural Funds. This includes work with the £400million Northern Powerhouse Investment Fund (NPIF), the £250,000 Midlands Engine Investment Fund and the £180million North West Fund.

    The team also advises on the provision and the receipt of public sector grant funding and growth schemes (including the Regional Growth Fund and Growing Places Fund). As a result of this we deal with all aspects of fund partnership arrangement, including Limited Partnership Structures, State Aid, procurement law, intellectual property, vesting of interest, regulatory duties, FCA compliance and dispute resolution.

    Our team of banking and finance experts advise in all kinds of debt finance activity, including:

    • Fund Management
    • Invoice discounting finance
    • Acquisition and leveraged finance
    • Asset based lending
    • Asset finance
    • Project and infrastructure finance
    • Real estate finance
    • Trade and export finance

    Related publications

    Services Testimonials

    "They put a huge amount of effort into making sure that if we have an issue they deal with it extremely quickly and extremely efficiently."

    Chambers & Partners 2018

    "You get a prompt service and they are happy to call you out of hours."

    Chambers & Partners 2018

    Noted for its 'strong expertise' in public sector funding, the team at Weightmans LLP is commended for its 'rapid responses' and for its ability to put 'advice in simple terms'. The team is experienced in advising local councils and European structural funds on European funding into the UK. It also acts for mainstream banks and borrower clients.

    Legal 500 2017

    The team are a joy to work with and the quality of their work is always of the highest order.

    Chambers & Partners 2017

    Open, proactive, solutions-focused and very easy to deal with.

    Legal 500 2016

    They offer professionalism and expert knowledge of banking and structured finance, as well as commercial issues.

    Chambers & Partners 2015

    They are a comprehensive practice able to cover all areas. They are attentive and responsive, and do a thorough job.

    Chambers & Partners 2015
    Publications

    Weightmans advises Smith & Williamson on pension sale

    National law firm Weightmans has advised financial and professional services group Smith & Williamson LLP

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    James Moore Partner
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    Brexit expert Jacqui Bickerton summarises all you need to know about the discussions in Parliament this week.

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    Budget 2018 - Weightmans' View

    Chancellor Philip Hammond delivered his final Budget before Brexit today (Monday, October 29), his second budget of the year.

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    LEGAL COMMENT: British Airways cyber attack

    British Airways has announced a 'sophisticated and malicious' cyber attack, where for 16 days hackers were able to retrieve customer data from both…

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    Surviving the 'POCA freeze'

    Which party should bear the cost of complying with POCA? Mickaela Fox & Nicholas Medcroft examine the consent regime.

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    Weightmans makes expert competition litigation hire

    National law firm Weightmans has welcomed competition litigation expert Tristan Feunteun to its London office.


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