Our Finance Team has extensive experience of advising lenders and borrowers if there is a breach of a financing agreement or a borrower insolvency.
When borrowers are in breach of their financing arrangements or become insolvent we advise lenders on how to restructure their debt or enforce their security. Conversely we also advise borrowers who are in such a position.
We work closely with our Business Recoveries Team acting for liquidators, receivers and administrators on the realisation of assets and enforcement of rights and, if appropriate, as LPA receivers in property insolvency cases.
- Acting for BNP Paribas Fortis in connection with the restructuring of a £51,000,000 financing relating to the acquisition of a shopping centre in the West Midlands;
- Acting for Bank of Scotland on the restructuring of a £88M facility relating to a portfolio of five UK-based care homes owned by subsidiaries of Sunrise Senior Living, Inc;
- Acting for Natixis and DG Hyp on the restructuring of a £123,000,000 facility relating to the acquisition of a business park in the West Midlands.