Slaughter and May advised Derwent London plc on the deal.
The facility expires in November 2025 and it replaces the £75 million revolving credit facility from the same provider which was due to expire in July 2022. There are two further one-year extension options and the margin is similar to that of the previous facility.
Derwent London is a British-based property investment and development business. It is headquartered in London and is a constituent of the FTSE 250 Index.
Slaughter and May’s team included Matthew Tobin (Picture), Partner and Stuti Sarin, Associate.
Law Firms: Slaughter and May;
Clients: Derwent London;