UK Asset Resolution Limited And NRAM Limited’s £4.9 Billion Assets Loan To Citibank N.A.

Slaughter and May advised UK Asset Resolution Limited and NRAM Limited in relation to the disposal of legacy residential owner-occupied mortgage and unsecured loan assets to Citibank N.A.

NRAM Ltd (NRAM) part of UK Asset Resolution Limited (UKAR), confirmed that it has agreed to sell two separate portfolios of residential owner-occupied mortgages and unsecured loans to Citi for a total of £4.9 billion. The majority of financing for the transaction is being provided by PIMCO.

The Slaughter and May team was composed by Financing/Corporate partner Guy O’Keefe (Picture) David Hay (associate), Alexander Short (associate); Tax: Gareth Miles (partner), Eddie Creamer (associate); Financial Regulation: Ben Kingsley (partner), Kilian McConnell (associate), Emily Bradley (associate).

Involved fees earner: Emily Bradley – Slaughter and May; Eddie Creamer – Slaughter and May; David Hay – Slaughter and May; Ben Kingsley – Slaughter and May; Kilian McConnell – Slaughter and May; Gareth Miles – Slaughter and May; Guy O’Keefe – Slaughter and May; Alexander Short – Slaughter and May;

Law Firms: Slaughter and May;

Clients: NRAM Limited ; UK Asset Resolution;