Allam Marine secures 45m refinancing deal

Rollits LLP has advised diesel power generator manufacturer Allam Marine Limited on a £45m refinancing deal, to provide them with a greater degree of flexibility and support to help sustain their growth.

The transaction, led by senior partner Steve Trynka, involved Lloyds TSB taking charges over a portfolio of properties.  This was handled by our secured lending specialist David Hextall, with John Flanagan providing corporate support.

The completion of the transaction - within just a few weeks - was made possible by our long-standing relationship with Dr Assem Allam, the owner of Allam Marine and Football League Championship side Hull City, and the commercial approach taken by Lloyds TSB.

Posted on: 15/03/2013

This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.

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