Moore Blatch advises on refinancing deal for green technology company

Lawyers at Southampton based Moore Blatch have advised on a major refinancing deal as the trend away from banks and towards alternative investors gathers pace.

The recent deal sees AIM quoted Sabien Technology Group plc restructure an existing debt with TVI 2 Limited (advised by Thames Valley Capital) which has taken a share in the company and offered extended loan facilities. The announcement of the refinancing was well received by the Stockmarket.

Jeremy Over, corporate solicitor at Moore Blatch explains: “Sabien is a prime example of how renegotiating finance on behalf of businesses can have a very positive effect.”

With a predicted £70 billion needed by UK companies to refinance over the next 12 months and banks continuing to be reluctant to lend, many companies are seeking finance from alternative sources. 

Jeremy continues: “We are seeing a lot of corporate activity in the current market.  Many companies are turning to capital markets and looking at private placements as a way to raise finance on better terms than they would through banks, which is proving very beneficial,” he said.

Sabien Technology Group which has developed technology to make boilers more environmentally friendly and efficient already works with a number of household names such as RBS, Aviva, Virgin Media, O2 and Vodafone.

It says this refinancing deal provides certainty of loan finance along with the introduction to an investor with a long term view.