Legal DealFolio - Countrywide plc Increase in Finance Facilities

Slaughter and May advised Countrywide plc, the UK's largest integrated property services group, including the largest estate agency and lettings network, on an agreement to increase the amount of its current finance facilities from GBP100 million to GBP150 million. The increased finance facilities will provide finance for the general corporate purposes of the Countrywide group, including the funding of potential acquisitions. The increased facilities, which were announced on 21 February 2014, comprise a GBP100 million term loan and GBP50 million revolving credit facility and are provided by Countrywide's current syndicate of banks: Abbey National Treasury Services plc, AIB Group (UK) p.l.c., Barclays Bank PLC, HSBC Bank plc, Lloyds Bank plc and National Westminster Bank Plc. The facilities will mature on 20 March 2017, with the first repayment of the term loan scheduled to be made in March 2015. Financing: Ed Fife (partner), Andrew Chaplin (associate).

Deal Date:	21-02-2014	Practice Area:	International Finance and Bank Credit
Deal Title:	Countrywide plc Increase in Finance Facilities	Industry:	Real Estate Investment & Services
Description:	Slaughter and May advised Countrywide plc, the UK's largest integrated property services group, including the largest estate agency and lettings network, on an agreement to increase the amount of its current finance facilities from GBP100 million to GBP150 million. The increased finance facilities will provide finance for the general corporate purposes of the Countrywide group, including the funding of potential acquisitions. The increased facilities, which were announced on 21 February 2014, comprise a GBP100 million term loan and GBP50 million revolving credit facility and are provided by Countrywide's current syndicate of banks: Abbey National Treasury Services plc, AIB Group (UK) p.l.c., Barclays Bank PLC, HSBC Bank plc, Lloyds Bank plc and National Westminster Bank Plc. The facilities will mature on 20 March 2017, with the first repayment of the term loan scheduled to be made in March 2015. Financing: Ed Fife (partner), Andrew Chaplin (associate).
Financial Center:	London	Value:	100.01-500.00
Advised Party:	Borrower	Law Firm	Slaughter and May
Borrower	United Kingdom	Lender	United Kingdom
Classification:	Syndicated and Bilateral Loans Syndicated Loans	Lawyer	Ed Fife

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers