The Restaurant Group plc’s £50 Million Banking Facilities

Slaughter and May advised The Restaurant Group plc as it obtained increased flexibility of its banking facilities.

TRG accessed £50,000,000 from the Government CLBILS scheme and simultaneously agreed to amend its existing Revolving Credit Facility to, amongst other things, extend its term by 6 months and to secure a covenant waiver until June 2021.

The Restaurant Group plc is a British chain of restaurants and public houses. It is listed on the London Stock Exchange and is a member of the FTSE SmallCap Index.

The Slaughter and May’s team included Matthew Tobin (Picture), Partner, Kevin Howes, Associate, Jennifer Sadek, Associate, William Seal, Associate and William Brown, Trainee.

Involved fees earner: Kevin Howes – Slaughter and May; Jennifer Sadek – Slaughter and May; William Seal – Slaughter and May; Matthew Tobin – Slaughter and May;

Law Firms: Slaughter and May;

Clients: The Restaurant Group (TRG);