Pinsent Masons advises on £550 mln revolving facility for Derwent London (UK)

International law firm Pinsent Masons has advised Barclays, HSBC, Lloyds and Royal Bank of Scotland on the £550 million (approx. €598.16 million) revolving facility for FTSE 250 property investment company Derwent London plc.

The Pinsent Masons team advising on the deal was led by banking partner William Oliver assisted by Liam Terry and Anthony Frost. Slaughter and May acted for Derwent London plc.

Commenting on the deal William Oliver said:

"We have seen a noticeable increase in transactions over the past three to six months, culminating in a peak period over the summer where we closed deals worth over £1.2bn in the space of a fortnight. We have an encouraging pipeline in place and are hopeful that this is a positive sign of things to come.”

Source: MJ2 Limited

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