Jerrold’s £900m re-financing

Jerrold Holdings, a Manchester-based mortgage lender, has completed a £900 million re-financing.


Jerrold Holdings, a Manchester-based mortgage lender, has completed a £900 million re-financing.

Jerrold Holdings, a Manchester-based mortgage lender, has completed a £900 million re-financing.
Royal Bank of Scotland (RBS) and nabCapital arranged a £500 million securitisation package as part of the deal, with the remaining £400 million provided as a syndicated loan by nabCapital, RBS and Bank of Scotland.

nabCapital invested £365 million in total, which was arranged by its Manchester-based institutional banking office and its specialist securitisation and syndications team.

Institutional banking director Andy Taylor said this re-financing will help to develop the mortgage lender. “This deal is another great example of nabCapital’s willingness and appetite to step-up to the mark and provide a significant financial commitment to our client.”

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

Related Topics

Venture capital funding