Travers Smith LLP has advised long-standing client Oakbrook Loans (Oakbrook) on a £130 million facility from funds managed by AB CarVal and NatWest.
Oakbrook is a consumer lending business on a mission to change lending for the better. This new three-year facility will be used to support new loan originations and continued product development as Oakbrook continues to simplify and personalise borrowing for even more people across the UK.
Ed Birch, Chief Financial Officer at Oakbrook commented: "Travers Smith executed this transaction with clarity and speed – again reinforcing their reputation for seamless delivery in structured finance."
Finance Partner Adam Burk commented: "This securitisation demonstrates the strength of Oakbrook's product in the consumer lending market. Our Specialty & Structured Finance team are pleased to have advised on this milestone transaction, the latest in a series of securitisations we have advised on, and look forward to supporting Oakbrook on future financings."
The Travers Smith team was led by Finance Partner Adam Burk, supported by Associate Ben Saunders and Trainee Matthew Hibbert.
