International law firm Addleshaw Goddard has advised Speedy Hire, the listed tool and equipment hire specialist, on a £225m refinance of banking facilities.

Speedy Hire has replaced its existing £180m asset-based lending facility, which was due to expire in July 2026, with new facilities which comprise a £150m revolving credit facility (RCF) and a £75m private placement term loan. The RCF has a three-year maturity with options to extend up to a further two years and the private placement term loan has a seven-year maturity.

The Addleshaw Goddard team advising Speedy Hire was led by Partners Martin O'Shea and Beth Collett.

Martin O'Shea said: 

Paul Rayner, CFO at Speedy Hire, said:

"The support we have had from Martin, Beth and the team at AG, which has assisted us over many years, has once again been excellent and allowed us to complete this important refinancing of our debt facilities."