Walkers advises on £45m revolving debt facility to private equity investor

The Walkers team, working with lead counsel Simmons & Simmons LLP, was led by Walkers (CI) LP partner Julia Keppe, and included senior associate Alice Wight, who advised on the Jersey law elements of the financing of the deal.

OakNorth Bank Plc, founded in 2015, provides debt financing services to UK businesses, entrepreneurs and individuals. Since its launch it has lent over £9.7bn to various businesses.

Julia said: "We were delighted to work with Simmons on this transaction, which is a great example of a facility incorporating a quick draw-down option to afford borrower funds a high degree of flexibility in the market."