hlw Keeble Hawson has acted for Hill Care Group which has secured funding from Barclays to consolidate their banking with one provider and refinance for growth with a £26 million term loan.
Established in 2001 and headquartered at St Mary’s Gate, Chesterfield, Derbyshire, the business provides care to over 1000 residents. Operating homes across the North of England, Hill Care will now move ahead with plans to acquire and build new facilities in communities with a need for first-class care services.
The funding deal with Barclays is the largest the bank has agreed with any care operator in the North of England this year.
hlw Keeble Hawson advised on the various facility agreements, dealt with the required security and investigated the title to the various properties owned by the Hill Care Group.
Mitchells Chartered Accountants and Business Advisers acted for Hill Care since its incorporation in 2001. As part of the deal with Barclays, it provided assistance in preparing the financial modelling and forecasting on behalf of Hill Care to ensure the refinancing went smoothly.
Nick Goulding, Corporate partner at hlw Keeble Hawson, said: "This was an important transaction for the Hill Care Group and enables them to push on with their plans for further growth and success. It was a complex matter due to the number of care homes and parties involved and needed to be completed within a tight timescale. Everyone worked very hard and with a good sense of collaboration in order to deliver the project on time."