Press releases | Finance | 21 Jun 2018

Travers Smith advises the Auto Trader Group on its £400 million refinancing

Overview

Travers Smith LLP has advised existing client Auto Trader Group plc, the digital automotive classified advertising business, on its £400 million refinancing with debt finance provided by a syndicate of lenders.

Listed on the London Stock Exchange since 2015 and a member of the FTSE 250 Index, Auto Trader is the UK's largest digital automotive marketplace, with more than 450,000 cars listed each day.

Travers Smith’s team was led by Finance Partner Matthew Ayre, who was supported by Senior Associate Fiona Swords and Associate Phoebe Santa-Olalla. Corporate advice was provided by Corporate Finance Partner Andrew Gillen.