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Shoosmiths advises banking group on £500m Government of Gibraltar loan

BANKING experts at UK law firm Shoosmiths have advised The Royal Bank of Scotland International Limited (RBSI) T/A NatWest International and National Westminster Bank Plc in relation to a £500m revolving credit facility to Her Majesty’s Government of Gibraltar.

The purpose of this was to assist with the stability of the Gibraltar economy following the COVID pandemic as well as other capital expenditure and investments.

This deal represents one of the largest deals the RBSI has made outside the UK in 2020 and involved complex sensitive matters including a guarantee from The Foreign Commonwealth and Development Office.

Shoosmiths’ specialist banking & finance team has a wide breadth and high level of experience and advises clients on a range of financing transactions across a wide variety of industries including healthcare, energy, telecoms and retail, often with a multi-jurisdictional element.

Acting for borrowers, lenders and investors means we have a practical understanding of the needs of all parties to a financing transaction. 

Disclaimer

This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given.

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