Roythornes Solicitors has helped the Lincolnshire-based Allison Group secure a £120 million refinancing deal, spearheading the real estate side of the transaction.
The funding is made up of a £20 million five-year loan from HSBC and a £100 million five-year revolving credit facility with HSBC and NatWest. It is the second deal Roythornes has helped the group secure – following the recent acquisition of Larkfleet Homes.
The £120 million in funds will be used by the Allison Group for its strategic growth plans to build 2,000 homes annually within the next five years across Lincolnshire, Cambridgeshire, Northamptonshire and Rutland, as well as the wider East Midlands, East Anglia and the South West.
