Refinancing for a contract cleaning and security firm
We are very pleased to announce the completion of the refinancing of a contract cleaning and security firm undertaken by Lloyds Banking Group.
The refinancing was undertaken to restructure the debt in the group subsequent to a number of acquisitions and to fund an element of cash out from the business. Approximately £1m of new lending was issued along with the restructure of existing debt amounting to a total of approximately £2.5m. An element of the lend was unsecured.
We provided transaction support services to Lloyds Banking Group to assist them in assessing the opportunity and in making the decision on whether to introduce new funding and restructure the existing debt. Resources were pulled from our corporate finance, tax and audit teams to provide the range of transaction support that was required.
Our team’s track record and experience was paramount in us being able to provide the guidance necessary for Lloyds to approve the funding. We are delighted with the outcome for all parties involved.
We wish the business every success for the future.
Contact us
If you would like to know more about this deal or how we can assist you, your clients or your contacts, call us 0845 366 4793 or email mhcfinfo@mhllp.co.uk to arrange an initial no-obligation meeting.
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