£220,000,000 REFINANCING OF EXITING LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank PLC, Lloyds Banking Group, The Royal Bank of Scotland plc and Santander UK plc on the refinancing of existing loan facilities to Together Housing Group.

£288,000,000 REFANCING OF EXISTING LOAN FACILITIES: BARCLAYS BANK PLC

Advised Barclays Bank PLC on the refinancing of existing loan facilities to Torus Housing Group and Liverpool Mutual Housing Group as part of the "mega-merger" of these two housing groups to form "Torus62" – a single housing entity owning/managing over 38,000 residential units.

£200,000,000 BRIDGE TO BOND FACILITY: MULTIPLE FUNDERS

Advised MUFG Bank Ltd, HSBC Bank UK plc and National Westminster Bank Plc on the £200,000,000 bridge to bond facility with Home Group plc.

C. £500,000,000 REFINANCE OF EXISTING LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank PLC, Lloyds Banking Group, Nationwide Building Society and The Royal Bank of Scotland plc on the merger and refinance of circa £500,000,000 loan facilities to Radian Group Limited, Windsor & District Housing Association Limited (WDHA) and Yarlington Housing Group (YHG). The refinancing was part of wider two stage merger with WDHA transferring its engagements into YHG.

£100,000,000 LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank PLC, Lloyds Bank plc on the restructure of their existing loan facilities and National Australia Bank on £100,000,000 of new loan facilities.

C. £1,625,000,000 REFINANCE OF EXISTING LOAN FACILITIES: MULTIPLE CLIENTS

Advised AIB Group (UK) p.l.c., Barclays Bank PLC, Dexia Crédit Local, Lloyds Banking Group, MUFG Bank, Ltd., Nationwide Building Society, Newcastle Building Society, The Royal Bank of Scotland plc and Sumitomo Mitsui Banking Corporation Europe Limited on the refinance of circa £1,625,000,000 of loan facilities to Metropolitan Housing Trust Limited. The refinancing was part of a wider mergers, with AG also advising on the transfer of engagements of Thames Valley Charitable Housing Association Limited into Metropolitan Housing Trust Limited. 

C. £550,000,000 REFINANCING OF FACILITIES: MULTIPLE FUNDERS

Advised Santander UK plc, Dexia Credit Local plc, Dexia Credit Local plc, Nationwide Building Society and HSBC Bank plc on the refinancing of over £550,000,000 of facilities with Southern Housing Group Limited.

The transaction involved building in the ability for properties to be charged under either a security trust deed or directly to the lenders. 

We also acted on the release and recharge of all charged properties charged to National Westminster Bank plc and Lloyds Bank plc. 

C. £500,000,000 RESTRUCTURE OF EXISTING LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank PLC, Lloyds Bank plc, Santander UK Plc, MUFG Bank Ltd and Dexia Credit Local on the restructure of their facilities with care homes provider, Anchor Trust and housing association, Hanover Housing Association following the merger of the two to form Anchor Hanover Group.

£600,000,000 RESTATMENT OF EXISTING LOAN FACILITIES AND BOND ISSUE: MULTIPLE FUNDERS

Advised Barclays Bank PLC, Lloyds Banking Group, The Royal Bank of Scotland plc, Abbey National Treasury Services plc and Prudential Trustee Company Limited on the debt work, alongside Lloyds Bank Corporate Markets plc and NatWest Markets Plc as joint bookrunners and Prudential Trustee Company Limited as bond trustee and security trustee on the bond issue.

C. £1,800,000,000 REFINANCE OF EXISTING LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank UK PLC, BNP Paribas, London Branch, Clydesdale Bank plc, HSBC Bank plc, Lloyds Bank plc, MUFG Bank, Ltd., Nationwide Building Society, National Westminster Bank Plc, Royal Bank of Canada, Santander UK plc, Scottish Widows Limited and Sumitomo Mitsui Banking Corporation on the refinance of circa £1,800,000,000 of loan facilities to Peabody Trust through a mix of new facility agreements and refinancing existing arrangements.  The refinancing was part of a wider merger, with Town and Country Housing becoming a subsidiary of Peabody Trust.

C. £1,150,000,000 REFINANCE OF EXISTING LOAN FACILITIES: MULTIPLE FUNDERS

Advised AIB Group (UK) plc, Barclays Bank PLC, Barclays Bank UK PLC, Clydesdale Bank plc, Dexia Crédit Local, Lloyds Banking Group, National Westminster Bank Plc, Nationwide Building Society, Newcastle Building Society, Pension Insurance Corporation plc, Royal Bank of Canada and Santander UK plc on the circa £1,150,000,000 refinance of all existing loan facilities to Catalyst Housing Group Limited and Aldwyck Housing Group Limited as part of the merger of these housing groups (another 'mega-merger' in the social housing sector, to create a single housing entity owning/managing over 32,000 residential units).

£150,000,000 NEW LOAN FACILITIES: BANK OF CHINA UK LIMITED

Advised Bank of China UK Limited on their new £150,000,000 facility to L&Q and security, their first secured transaction in this sector, and the associated property security due diligence work required to charge over 600 dwellings.

£120,000,000 NEW LOAN FACILITIES: MULTIPLE FUNDERS

Advised AIB Group (UK) p.l.c., Lloyds Bank plc and Pension Insurance Corporation Limited on £120,000,000 of new facilities to Livin Housing Limited to refinance funding provided by an existing lender (that fourth lender was fully prepaid pursuant to the exercise) and to provide funding for future development of social housing.

£100,000,000 RESTATEMENT OF EXISTING LOAN FACILITIIES: THE ROYAL BANK OF SCOTLAND PLC

Advised The Royal Bank of Scotland plc on the restatement of its £100,000,000 facilities with Bolton at Home Limited, the restatement of Bolton at Home Limited's security trust deed, and the associated property allocation work.

£100,000,000 NEW LOAN FACILITIES: NATIONAL AUSTRALIA BANK LIMITED

Advised National Australia Bank Limited on £100,000,000 facilities to Platform Housing (ex-Frontis Living).

£75,000,000 NEW LOAN FACILITIES: NATIONAL AUSTRALIA BANK LIMITED

Advised National Australia Bank Limited on £75,000,000 facilities to Sovereign Housing.

£35,000,000 NEW LOAN FACILITIES: NATIONAL AUSTRALIA BANK LIMITED

Advised National Australia Bank Limited on £35,000,000 facilities to Chelmer Housing.

£350,000,000 NEW SYNDICATED LOAN FACILITIES: MULTIPLE FUNDERS

Advised AIB Group (UK) p.l.c., BNP Paribas, Wells Fargo and National Westminster Bank Plc as Lenders, and Lloyds Bank plc as the Agent, on the new Hyde Housing Association syndicated facility agreement, one of the first brand new syndicated deals in the sector this year. The deal required due diligence on over 1,300 units to secure the loan facilities.

C.£196,000,000 RESTATEMENT OF EXISTING LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank PLC, Barclays Bank UK PLC, The Royal Bank of Scotland plc, Santander UK plc and Triodos Bank UK Limited on the restatement of circa £196,000,000 of existing loan facilities to each of Citizen Treasury Vehicle Limited and Citizen Housing Group Limited.  The restatements were part of a wider simplification of funding agreements for the group to reflect the amalgamation of each of the existing guarantors under the relevant funding agreements.

C. £160,000,000 REFINANCING OF LOAN FACILITIES: MULTIPLE FUNDERS

Advised Barclays Bank PLC and The Royal Bank of Scotland plc on the refinancing of circa £160,000,000 of loan facilities to Incommunities Group and Sadeh Lok Limited. New funding was provided by way of new loan agreements and amending and restating existing facility agreements to include additional tranches.

C. £23,000,000 SECURED NOTES: GB SOCIAL HOUSING PLC

Advised GB Social Housing plc of circa £16,000,000 5.193% secured notes and £7,000,000 5.193% secured notes (both due 2038), each under its £2,000,000,000 secured note programme.