Gateley helps secure £62m funding for Bridgnorth Aluminium
Gateley’s banking and finance team has advised on a recent deal that saw Shropshire-based Bridgnorth Aluminium, a producer of lithographic aluminium strip, secure £62m in funding from the Birmingham office of Lloyds Banking Group.
Andrew Madden, banking and finance partner, and Rebecca Sherwin, real-estate partner, provided legal advice to Lloyds Banking Group, assisted by Tammy Paleari, banking and finance solicitor, and Sarah Carlton, trainee solicitor.
The financial package encompasses a £45m asset-based lending facility from Lloyds Bank Commercial Finance and £17m of term funding from Lloyds Bank Commercial Banking.
With a turnover of £180m and a workforce of 300, the company produces aluminium coils for the food, pharmaceutical and printing industries. The capital will be used to help the business develop, pay for its ongoing operation and finance the future expansion of its manufacturing plant.
News from Gateley
News from The Lawyer
Briefings from Gateley
Some say there are few things more stressful than buying or selling a company. Gateley presents its top tips to help things run smoothly when the big day finally arrives.
While the general view is that the recession is over, some of its effects can still be felt today.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.