We are proud to have advised Metro Bank PLC on a £30 million working capital facility to specialist engineering and construction company, Keltbray Group.
The deal, comprising a £10 million overdraft and a £20 million revolving credit facility (RCF) over a three-year term, reinforces Metro Bank’s commitment to supporting UK businesses and investing in long-term relationships. The facilities will provide Keltbray with increased liquidity and operational agility, helping to underpin its ongoing growth and specialist infrastructure work across the country.
The transaction was led by Dominic Marshall, Partner in our Banking and Finance team, supported by Solicitors Olivia Evans and Bradley Walker. The team worked closely with Metro Bank to draft and negotiate the finance documentation and manage the deal to a smooth and efficient completion.
Commenting on the deal, Dominic Marshall, Partner and Head of the Banking and Finance team, said:
“We were very pleased to help Metro Bank deliver working capital facilities to Keltbray. We know how important Keltbray is to Metro Bank and are delighted that we’ve been able to help them build a strong relationship.”
