IDCM arranged a £66.5 million 7 year fixed rate term loan for Industrials UK LP, a subsidiary of Stenprop Limited, secured on a granular portfolio of multi-let industrial assets located across the UK.
Through a detailed knowledge of the market IDCM were able to quickly focus discussions with relevant potential lenders and concentrate on achieving the desired structure at the best possible margin.
IDCM managed the transaction from inception, through the negotiation of terms to completion / drawdown of funds, despite the impact on working practices and financial markets caused by the COVID-19 pandemic.
IDCM worked closely with Stenprop to deliver this refinancing and achieved a cost of debt that was well below the group’s prior all-in weighted average cost of debt.
“I enjoyed working with the IDCM team who were very professional and ran a thorough process, enabling us to achieve a well documented facility and attractive pricing.”James Wakelin Head of Debt and Special Projects