DLA Piper’s debt finance team closes three major deals in one week

DLA Piper’s debt finance team, part of the finance and projects group, closed three major deals in the week ending 2 March 2014, indicating a significant increase in activity in the market.

Firstly, the debt finance team advised RBS and Santander in the refinancing of facilities that supported Hutton Collins and Management’s acquisition of the Byron Hamburger chain.

This was followed by closing the financing of facilities made available to McColls, the largest independent newsagent and convenience store business in the UK, in connection with its recent initial public offering.

Finally, London head of debt finance David Miles and a team acted for the UBS Special Situations and Emerging Markets Lending team on its provision of a €65m (£54m) debt facility for Globalworth Real Estate Investments.

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