Macfarlanes advises Hampshire Trust Bank on a senior revolving credit facility

23 February 2024

A cross-departmental team at Macfarlanes has advised Hampshire Trust Bank Plc on the provision of a senior revolving credit facility to Blazehill Capital. The transaction marks an important strategic milestone for both parties.

Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions.  Their fund finance solutions team are focused on providing tailored funding structures to facilitate exciting investment strategies. Blazehill Capital are a specialist credit fund focused on providing bespoke liquidity solutions to companies in the UK, N.America and Europe. 

Macfarlanes advised Hampshire Trust Bank on due diligence and deal structuring, tax and regulatory capital treatment aspects of the transaction, and leading on the creation of a suite of highly crafted financing documentation.

The Macfarlanes team was led by finance partner Adam Caines, and included finance associate Yagmur Yarar. Financial services regulation advice was provided by partner Michael Sholem and associate Katie Bartlett. Tax advice was provided by associate Sam Wilson.

Adam Caines comments: “It’s been a pleasure to advise Hampshire Trust Bank for the first time on a truly interesting and complex transaction, alongside the wider Macfarlanes finance team. Completing this financing with the team at Hampshire Trust Bank has been a positive and rewarding experience for all involved at Macfarlanes, including myself.”

Daisy Xu of Hampshire Trust Bank said: “HTB is delighted to have closed this transaction. Blazehill are a perfect example of the type of fund we are looking to support, they are dynamic, experienced, and exceptionally professional. So it has been incredible working on such an important transaction with a top-tier team like Macfarlanes.”