Banking
The banking industry has seen intense scrutiny and wide-ranging reform in recent years – and its resilience has never been more important for financial stability. At Pitmans we understand the competitive and financial challenges facing banks today. Managing risks and making considered decisions about business strategy and products are essential to maximise opportunity and success.
Our team of pragmatic and commercially-attuned finance lawyers offer a fully integrated banking service, a comprehensive understanding of the banking and finance markets as well as the experience and contacts to help you successfully complete a wide range of transactions. We also have approved panel status with most lenders.
Experience
We work closely with leading national and international banks, financial institutions, corporate borrowers and high net worth individuals – and their advisers.
Our clients include:
- Allied Irish Bank
- Arbuthnot Latham & Co
- BNP Paribas
- Clydesdale
- Habib Bank AG Zurich
- Handelsbanken
- HSBC
- Investec
- Lloyds
- Metro Bank
- Retail Money Market
- Royal Bank of Canada
- Royal Bank of Scotland/NatWest – Williams & Glyn
- Santander
Case studies
A cross border deal relating to the refinancing of an invoice finance facility and the provision of a new term loan facility (with a total value of £175m).
We drew together a large, multi-discipline Pitmans team to manage a refinance of a client’s existing banking facilities, involving a complex portfolio of 15 commercial properties comprising multiple titles.
As a result of our extensive international experience and strong relationships with other specialist legal firms across jurisdictions worldwide, Pitmans was instructed to act for an existing national client in relation to its parent company’s refinance of its Canadian $ loan facilities.
A strong longstanding relationship with a key client in the leveraged finance market led to an instruction by each of the lenders to assist with a MBO by advising on the provision of term loan facilities and invoice finance facilities.
For one of our key clients – a leading international bank – we advised on the provision of secured loan facilities to refinance a major player – and its subsidiaries – in the energy sector, including a Bonds, Guarantees or Letters of Credit facility and a group overdraft facility.
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