Addleshaw Goddard

UK 200 2013 position: 23

Addleshaw Goddard acts for arranger and investor on debt capital markets issue

Addleshaw Goddard has acted for the Royal Bank of Scotland (arranger) and M&G Investments (mandated investor) on the first own-name debt capital markets issue by a Scottish registered social landlord.

The deal, which completed on 27 March 2014, saw Link Group issue £45m senior secured notes, which will be used to fund Link Group’s extensive and ongoing social-housing development programme.

Notwithstanding the Scottish domicile of the issuer, Link Group, the note purchase agreement and incidental bond documents were all governed by English law.

Addleshaw Goddard managing associate Gary Grigor led the transaction, assisted by Natalie Swales, under the supervision of Lee Shankland, head of housing finance.

Scottish law security advice to the investor was provided by Maclay Murray & Spens (Chris Dun).

Link Group was advised by Harper Macleod (Derek Hogg), with Burness Paull acting for Link Group on the Scottish law property-related matters.

  • Print

Briefings from Addleshaw Goddard

View more briefings from Addleshaw Goddard

Analysis from The Lawyer

  • pannone.jpg

    Another Mancunian merger for Slater & Gordon?

    Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?

  • Addleshaws

    Number crunching: Addleshaw Goddard

    The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.

View more analysis from The Lawyer

Overview

Milton Gate
60 Chiswell Street
London
EC1Y 4AG
UK
http://www.addleshawgoddard.com

Turnover (£m): 166.50
No. of Lawyers: 592

Jobs