01 September 2020

Burges Salmon’s Banking team has advised HSBC UK and Lloyds Bank on a new £65 million finance facility for international law firm DAC Beachcroft LLP.

The deal sees the two UK banks – longstanding partners of DAC Beachcroft – provide bespoke funding that supports the firm’s continued expansion and its 2020-21 growth strategy, both domestically and overseas.

The facility is also intended to provide assurance during the Coronavirus pandemic and to prevent disruption to the firm’s investment and trading plans in the current uncertain economic environment.

The Burges Salmon team was led by partner Rachael Ruane. Rachael says: “We are pleased to have supported HSBC UK and Lloyds Bank on this transaction, which demonstrates their continued commitment to the UK’s professional services sector.”

Key contact

Racheal Ruane

Rachael Ruane Partner

  • Corporate Banking
  • Real Estate Finance
  • Asset Finance and Asset Backed Lending

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