Sentences with phrase «debenture over the assets»
The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a # 2.5 m overdraft and a # 6.5 m term loan secured by a debenture over the assets of debt recovery business Incasso — a wholly - owned subsidiary of Cobbetts.
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Cobbetts has negotiated loan facilities of # 10.5 m in an effort to avoid a partner cash call The firm renegotiated a bank loan facility with RBS in Janaury, which comprises a # 2.5 m overdraft and a # 6.5 m term loan secured by a debenture over the assets of debt recovery business Incasso - a wholly - owned subsidiary of Cobbetts.
King & Wood Mallesons (KWM) has agreed to improve security around its borrowings from key lender Barclays Bank, giving the bank a debenture over its assets.
Not exact matches
Within days of last month's resignation of London head Jennette Newman and fellow insurance partner Jonathan Edwards, it emerged that HSBC had joined Barclays in taking a debenture over the firm's assets in return for a refinancing package agreed through a club banking arrangement.
A debenture creates a series of fixed and floating charges over a company's assets to give the lender — in this case Barclays — greater security.