Darlington College — Refinancing of Bank Borrowing
Published
Description
Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing. Lot 1: Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing. • an organisation with experience of lending to the UK education sectors; • a organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector; • the ability to provide a fully credit and pricing backed proposal to this ITT; • able to complete the refinance/restructure of existing borrowing by 10 May 2021; • an online provision to meet the needs of the college. The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each: Option 1, a GBP 3 000 000 5-year amortising loan with a 10-year repayment profile, option 2, a GBP 3 000 000 Revolving Credit Facility over 5 years, option 3 a GBP 3 000 000 Revolving Credit Facility over 3 years.
Timeline
Publish date
3 years ago
Award date
3 years ago
Buyer information
Darlington College
- Email:
- mark.dodd@tenetservices.com
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