We advised our client, Oakland Care, in relation to a multi-faceted development and investment finance package and restructuring exercise. This allowed the group to substantially increase its development pipeline with the aim of more than doubling its care home offering.
Led by our banking and finance practice, this was a multi-discipline transaction for a premium care home group, also involving our corporate, construction and real estate experts. The transaction involved the amendment and restatement of an existing debt facility with an institutional lender, the negotiation of a new development/investment debt facility from a specialist healthcare investor/lender and the restructure of the group to facilitate two distinct debt silos, as well as ongoing property acquisition and construction document negotiation.
Key highlights
- Successful negotiation of a bespoke care home development debt package.
- Multi-discipline transaction, bringing together care home sector expertise from across the firm to deliver for our client.
- Ongoing involvement with the development pipeline allowing for real time assistance in achieving our client's growth ambitions.
We are delighted to have secured financing that will allow Oakland Care to continue its journey as a leading care provider. Brodies advice and guidance has helped us achieve our goals its continued support is highly valued. Joanne Balmer, Chief Executive Officer
Outcome
Working closely with the management team at Oakland, its debt advisors Alantra and its investors at Synova, we helped our client achieve a bespoke debt package to enable it to facilitate an ambitious development and growth plan.
Contributors
Partner
Associate
Partner
Senior Associate
Partner