Advising on £50m refinancing provided by Metro to DLDF

Our Banking & Finance team has worked alongside Gateley Legal in advising Metro Bank on a £50m five-year lending deal with Darwin Leisure Development Fund (DLDF) which owns some of the UK’s leading holiday parks.

The deal, comprising a £10m revolving credit facility and a £40m term loan, will provide DLDF with flexible growth financing as it continues to develop and expand its portfolio of high-quality luxury parks and leisure facilities.

Our team led by group partner Alex Wickens and including senior associate Camilla Hobbs advised on the Guernsey law elements on the deal, as instructed by Gateley Legal.

Alex said: "We're pleased to have supported this refinancing transaction, collaborating closely with the Gateley team. This exciting deal highlights our continued engagement in premium commercial finance opportunities."

We have one of the most experienced transactional banking teams operating today in our jurisdictions.

Clients acting as lenders, borrowers, and in other related capacities all rely on our accomplished banking team to ensure their legal and commercial objectives are achieved.