Corporate trusts
Fairhold Securitisation Limited
Advised the note trustee on issues arising in relation to Fairhold Securitisation Limited’s £443,500,000 sheltered housing securitisation, taking over from the note trustee’s incumbent advisers in September 2017.
The Co-operative Group
Advised the bond trustee on issues arising in relation to a liability management exercise involving an exchange offer and a scheme of arrangement affecting nine subordinated bond issues by The Co-operative Bank plc aggregating in excess of £1.2 billion.
Bluebonnet Finance plc
Advised the trustee on rating downgrade and manifest error issues, consent solicitation processes and liquidity facility issues relating to €1.34 million secured floating rate notes issued by Bluebonnet Finance plc.
Real estate finance
Sea Containers House £325 million redevelopment, ING Real Estate & Landesbank Baden-Württemberg
Advised banks in a club deal for the redevelopment and refinancing of the iconic riverside building, Sea Containers’ House, of which part now comprises the Mondrian Hotel.
TIAA Henderson Real Estate, €47.3 million commercial refinancing, Italy
Acted for Rende Shopping Centre S.p.A. (a borrowing vehicle for TIAA) on the refinancing of a shopping centre in Rende by Deutsche Bank. This was a complex cross-border financing involving close co-operation between lawyers in the UK, Italy and Luxembourg.
Henderson Retail Warehouse Fund
Advised the bank syndicate comprising Wells Fargo, Aareal Bank and Heleba on the £400 million refinancing of the Henderson Retails Warehouse Fund of 16 retail shopping centres.
Langham Estate
Advised the bank syndicate comprising HSBC, RBS, Wells Fargo, Helaba, Barclays, CACIB and SMTB on the £540 million refinancing of the Langham Estate.