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Overview

Financial services

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 to 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

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Services Testimonials

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

Legal 500 2016

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

Chambers & Partners 2017

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
Notice effective to exclude liability under the Misrepresentation Act 1967

The Court of Appeal has recently considered whether a bank was liable under the Misrepresentation Act 1967 for misrepresenting its financial position…

Catherine Hendy Associate
Insights
On Balance - Winter 2017

Delivering the very best client service to drive bottom line performance is the theme of this latest issue of On Balance.

Tim Lang Partner

Insights
A lien encounter

A recent case (Menelaou v Bank of Cyprus) reminds us that a seller of a property benefits from a security interest in the property (known as a “lien”)…


Insights
Amending credit terms? Is your security still effective?

A recent case reminds a secured creditor to be cautious where it become aware that a third party has also extended, or proposes to extend, secured…


Insights
Don’t bank on it: advice for joint account holders

The British Bankers’ Association (BBA) has issued guidance to its member institutions regarding mental capacity.


Insights
Hussain v Amin & Anor

Repercussions for poorly pleaded defences in fraud claims


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