Westbury has successfully advised a high-net-worth family on the restructuring of senior debt, involving a complicated waterfall of facilities, redemptions and new debt across the group structure. Working alongside the family’s tax advisor and legal team, a lending company was established, affording the family protection from inheritance tax.
A £28m senior debt facility structured over six group entities.
Kate Finney, Relationship Director at Cynergy Bank, said, “We are delighted to be able to support a complex tax restructure raising capital against a mixed basket of securities, creating a bespoke lending package, multiple tranches and non-standard lending documents”.
Westbury’s expertise and guidance through the process and deep knowledge of lending structures and legal documents helped the transaction go to plan.
