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Nightcap’s Refinancing of Banking Facilities with HSBC

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Posted: 30th September 2022
Lawyer Monthly
Last updated 25th November 2024
Locke Lord advised on the transaction.

The purpose of the new debt facility is to consolidate the company’s various existing debt facilities across its subsidiary businesses, which come to a total of £5.5 million. The remaining £4.5 million will be ringfenced for capital expenditure on new sites, allowing Nightcap to expand its footprint in prime locations in London and other key cities in the UK. Nightcap currently has 31 open venues and an additional 22 premises under offer or in legal negotiations across its various brands.

The Locke Lord team was led by partners Matthew Daffurn and Sean Page, with assistance provided by partner Nick Jennings and associate Jake Chagoury.

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