Panmure Liberum acted as Sole Debt Advisor to Castelnau to secure a new £65m revolving credit facility

We are pleased to announce that Panmure Liberum has acted as Sole Debt Advisor to Castelnau on securing a new £65m 3-year revolving credit facility with Shawbrook Bank Limited to refinance a shareholder loan.

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Castelnau Group Limited (“Castelnau”) is a closed-ended investment company. They aim to compound shareholder capital by acquiring and actively developing strategic positions in public and private UK businesses. The new revolving credit facility will initially be drawn to repay the existing £60m loan from Phoenix UK Fund Limited and associated costs of the refinancing.

Panmure Liberum’s debt advisory team approached a number of prospective lenders and the company selected Shawbrook for its ability to deliver flexible terms on a sole bank basis. Shawbrook is a new banking relationship for Castelnau and their involvement allows the shareholder loan with Phoenix to be fully refinanced.

The new £65m RCF has an initial tenor of 3-years with the ability to extend by up to 2 years (subject to Shawbrook approval).
Rich Brown, CEO of Castelnau said, “We are extremely pleased to have secured this facility from Shawbrook, which doesn’t just reduce our ongoing costs, but helps to normalise our capital structure.”

Panmure Liberum Team
Debt Advisory Team – Dan Howlett, Ben Handler
Investment Banking – Darren Vickers, Will King

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