Lloyds Bank – Allied Textiles funding
We advised Lloyds Bank and Lloyds TSB Commercial Finance on the new-to-bank refinance of Barnsley-based Allied Textiles, as it looked to drive its expansion plans, having been with their previous banking partner for more than 100 years. The company intends to build on acquisitions made in recent years through investment in its plant and machinery.
This transaction involved advising on senior term loan facilities, stock and CID facilities, intercreditor agreements and also the taking of security over six industrial premises. The property finance team provided due diligence in relation to six operational sites.