Global law firm Norton Rose Fulbright has advised Picton Property Income Ltd (Picton) on the five- year revolving credit facility (RCF) with Santander Corporate & Commercial Banking.
Picton is an income focused investment company, specialising in commercial property across the United Kingdom. It is listed on the London Stock Exchange. The facility is secured across four property assets.
The Norton Rose Fulbright team was led by partner, Sarah Cullen with assistance from associates Rachel Akodu and Ben Rodger.
Sarah Cullen, partner in the London office commented:
“In the context of a challenging market, we are delighted to have advised Picton on this revolving credit facility. This RCF will provide the group with further operational flexibility and means Picton is well positioned in the current market.
“We continue to offer clients dedicated and tailored advice to help them manage the growing complexity and sophistication of the real estate sector.”
Norton Rose Fulbright’s global multi-disciplinary team has in-depth experience and understanding of the wide range of equity and debt financing structures and techniques used in the commercial real estate sector and are able to innovate to structure the most complex deals. The firm advises on senior and mezzanine loan origination, tax structured investments, fund formation, real estate M&A, debt restructuring and workouts, securitisation, loan portfolio sales and Shariah compliant products.
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