A construction company engaged our debt advisory services to help secure a new credit facility on highly competitive terms.

The challenge 

UK construction group, Galliford Try Holdings plc, aimed to bolster its robust balance sheet with a £25 million revolving credit facility (RCF) to be used for general corporate and liquidity purposes. 

How we helped 

We played a pivotal role in advising on the new credit facility. We managed the overall day-to-day process with the banks on behalf of the management team, working closely to ensure the client's needs were met.

We leveraged our expertise to help management present their credit story. The construction sector has faced significant challenges in recent years so it was important that the strength of the business was clear to lenders.

We also helped to collate a comprehensive information memorandum and coordinated lender interaction through to final approvals.

The results 

We worked alongside management to negotiate the terms of the transaction, giving our view on the pricing, security, baskets and covenants. The final agreed terms were highly competitive.

“Grant Thornton worked closely with us throughout the transaction: from initially consulting on the shape and size of the facility to signing the facility documentation. They demonstrated their experience and credentials throughout the process, identifying a strong group of banks that really understood our business, as well as supporting our negotiations on an attractive set of terms. It was a pleasure to work with the team throughout.”
Kris Hampson, Chief Financial Officer, Galliford Try
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“We are delighted to have supported Galliford Try with its new revolving credit facility. Our highly experienced team, specialising in the construction sector, used their strong sector insights and our extensive lender network to attract market-leading terms.”
Jon Bramwell Director, UK Debt Advisory

About our team

We help you design your credit story and optimise the capital structure, selecting the most appropriate facilities with the right lenders to fund your growth ambitions. Whether you’re a corporate, sponsor or institutional investor, we help you find the right lender and type of debt products. Our team of deeply experienced experts know the debt market and will help you design and achieve the best funding options.
Jon_Bramwell
Jon Bramwell
Director UK Debt Advisory