- Client: Multinational corporate technology company
- Loan: Multi-million-pound facility
- Facility Type: Term loan facility and revolving credit facility
Enness was approached by an established technology company specialising in a bespoke software platform for luxury and high-value property owners around the world. The business had developed a strong market position and was experiencing sustained growth, creating a need for additional liquidity to support its continued expansion.
The company’s existing funder was unable to provide the level of debt required to support its plans. Rather than allowing the funding constraint to limit the company’s growth opportunities, Enness was asked to structure a bespoke corporate finance package that could provide both immediate refinancing and additional liquidity for future requirements.
The transaction required more than a conventional working capital facility. The business wanted to refinance its existing debt onto a more attractive and cashflow-efficient repayment structure while also establishing a flexible source of capital that could be drawn when opportunities arose.
Enness structured a multi-million-pound corporate finance package comprising a term loan facility alongside a revolving credit facility. The term loan refinanced the company’s existing borrowing and incorporated a partial interest-only element, helping to create a more manageable repayment profile and preserve cash flow within the business.
Alongside this, the revolving credit facility provided a dedicated pool of capital that the company could draw upon as required. This gave the business the flexibility to continue investing in its technology, take on new global contracts and pursue opportunistic acquisitions without having to return to the market for new funding each time an opportunity arose.
A key feature of the transaction was that the entire facility was structured against the ongoing cash flows of the business, without requiring tangible security or recourse. This allowed the company to access significant corporate finance while retaining flexibility around its existing assets.
For established and fast-growing businesses, a working capital facility can provide valuable flexibility when additional liquidity is required to support expansion, manage cash flow or take advantage of commercial opportunities. The right structure can combine different forms of debt to reflect the company’s immediate requirements and longer-term growth plans.
This case demonstrates how Enness can structure bespoke corporate finance solutions for established businesses with complex funding requirements. By understanding the company’s cash flows, existing debt and future objectives, it was possible to create a facility that supported both immediate refinancing and continued growth.
If your business requires additional liquidity to support expansion, investment or working capital requirements, Enness can assess your circumstances and explore suitable corporate finance solutions.
Risk Warning:
Corporate finance carries risks. Businesses should ensure that borrowing is affordable and that a clear repayment strategy is in place. Failure to meet the terms of a facility may result in enforcement action or other financial consequences, depending on the structure of the finance.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, underwriting, affordability, cash-flow assessment and lender criteria. Terms and availability will vary depending on individual circumstances and the proposed transaction.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
