The Banking and Finance team from independent UK law firm Burges Salmon advised on a £35.9 million facility agreement to refinance the acquisition of five state-of-the-art care homes.
Four of the care homes are located in England, with the fifth based in Scotland. Virgin Money was the Lender on this transaction.
The Burges Salmon team advising on this transaction comprised partner Katie Allen, senior associate Christopher Herford and associate Samir Younes from the firm’s Banking and Finance team.
Katie Allen says: “It’s fantastic to have closed this important financing for our borrower client, financing its five care-home portfolio. This was a huge team effort, which builds on our expertise in the healthcare finance sector, and we’re pleased to have played our role in contributing to this vital part of healthcare services across the UK.”