Banking & Finance
Our Banking team comprises specialist lawyers from our commercial law, corporate law and property law teams.
We have an experienced legal team to draw upon, with a strong reputation for offering specialist legal advice on banking matters. We advise on a number of different types of banking services, including:-
- Structured / leveraged finance
- Acquisition lending
- Real estate lending
- Mezzanine finance
- Asset-based lending
- Syndicated loan agreements
- Bilateral loan agreements
We negotiate and advise on all types of facility and loan agreements and the security options available to lenders and borrowers. These security options include legal charges, debentures, charges over intellectual property rights and charges over shares amongst others.
Our banking reputation and skillset has seen our appointment to a number of banking panels, including those of Metro Bank plc and National Westminster Bank plc.
Recent banking projects include:
- Advising UK lender on £4.5m lend to facilities management provider: Advising high-street lender on acquisition finance £4.5m lend to facilities management provider to acquire entire issued share capital of other facilities management business.
- Advising specialist ATM services group on a £21m re-finance of existing loan facility. Advising specialist ATM services group on re-finance of existing loan facilities with term loan facility of up to £21m and invoice finance facility.
- Advising property developer on re-finance of three sites for £15.2m. Advising UK property developer on re-finance of three sites for aggregate value of £15.2m, including dealing with further equity releases.
- Advising mezzanine lender on assignment of debt from lender in administration: Advising mezzanine lender on assignment of £1.4m of debt from third-party lender in administration to mezzanine lender and subsequent further facility of £2.6m.
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Yavan’s approach in dealing with negotiations and in dealing with the city lawyers on a multi-million pound investment were commercially focused, ensured that progress was made and that we concentrated on the areas of the greatest importance. It greatly assisted in ensuring that a potentially complex closing was dealt with effectively and with a successful result. Always approachable and responsive, Yavan and his team are professional and a pleasure to deal with. When the deal was complete, our new partners also remarked on the extremely pragmatic and professional input from Yavan and his team.
Working with the Banking team at HC in helping us to secure a critically important and complex debt financing deal for the company was real pleasure. It was understood very clearly from the start that a tight timeline was required to close out all the necessary legal documentation, which they turned around in very short timescales.
Chris Gemson and Yavan Brar were great at managing this, with clear explanations and a great ability to advise and negotiate. They took a very commercial approach when needed on some of the areas that came up throughout the process, right the way through to completion.
We look forward to an ongoing working partnership in the future as the company continues to navigate its way through a key fund raising period.
Chris and his team were a pleasure to work with as part of a CBILS loan application we made in Q1 2021 via our new bank, Silicon Valley Bank. Chris was incredibly pro-active and responsive throughout the entire process. He understood very clearly, from the outset, the importance of securing the loan for the business given the relatively early stage nature of the company. He and his team drove this forward, facilitating the required dialogue with SVB’s legal counsel to get the deal over the line. I would not hesitate to use Chris and his teams legal services in the future.
Yavan and his team at Herrington Carmichael recently advised us on the assignment of two loans and associated security from third party lenders onto our books. Yavan and Matt provided advice of the highest quality and ensured the transactions completed swiftly. They were available whenever we needed to contact them and kept their advice commercially focused to our specific requirements. We have built a good relationship up with the whole team at Herrington Carmichael and would certainly recommend them.
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Banking and Finance Team
Award winning legal advice
We are solicitors in Camberley, Wokingham and London. In 2019, Herrington Carmichael won ‘Property Law Firm of the Year’ at the Thames Valley Business Magazines Property Awards, ‘Best Medium Sized Business’ at the Surrey Heath Business Awards and we were named IR Global’s ‘Member of the Year’. We are ranked as a Leading Firm 2022 by Legal 500 and Alistair McArthur is ranked in Chambers 2021.