Hogan Lovells Advises Senior Lenders on £63m Refinancing of Notemachine
30 May 2012
LONDON, 30 May 2012 - Hogan Lovells has advised GE Capital, Barclays Bank PLC and European Capital on the £63m refinancing of ATM business Notemachine.
The facilities, which were structured as a form of unitranche transaction, will be used to refinancing Notemachine's existing debt and support the roll-out of more ATMs. Notemachine is owned by turnaround specialist Rutland Partners and now operates over 7000 ATMs supplying £5bn in cash annually.
The Hogan Lovells team was led by banking partner Stuart Brinkworth, assisted by senior associate Camille Astier.
Commenting on the transaction, Stuart said:
"We are pleased to be able to advise GE, Barclays and European Capital on this deal. Unitranche is becoming an increasingly popular financing tool in the European debt market and Hogan Lovells has been at the heart of its development for some time now."
Rutland was advised by Taylor Wessing (Martin Yell).