Travers Smith has advised OakNorth on a £50m RCF to sustainable office and commercial property specialist CLS Holdings plc.
The facility provided by OakNorth will be used to refinance existing debt and provide finance to support CLS’ ongoing asset management initiatives and future growth plans. This includes continued investment into refurbishment programmes, leasing activity and the repositioning of assets to meet evolving occupier demands, particularly around sustainability, energy efficiency and workplace quality.
Partner Adam Burk commented: "We are delighted to have advised Mo Sondhi and his team at OakNorth on this facility. OakNorth operate with speed and flexibility across complex products and are a pleasure to work with. The facility is a great result for them and for CLS."
The Travers Smith team on this transaction was led by Finance Partner Adam Burk, supported by Simon Evans and Olivia Clarke.
