9 Service Station Assets

The Borrower had existing loans against service station assets and required additional funds to complete a buyout of a shareholder, as well as funding for the acquisition of 2 more service stations, as the Borrower’s long-term strategy is retaining the total of 9 service stations as passive investments.

Balmain provided Term Debt funding against all 9 service stations, obtained leverage of 62% and facilitated a bespoke non-standard borrowing structure. This allowed the client to complete the shareholding buyout, as well as finalising the 2 new acquisitions.