TLT advised WHSmith on their committed syndicated revolving credit facilities of up to £93 million with a £90 million accordion.
The facilities were provided equally by the group's four relationship banks, Barclays Bank, Lloyds Banking Group, HSBC and Santander UK.
The TLT team was led by Jon Stewart, a banking & finance partner and included experts from across the firm.
TLT’s Jon Stewart says, “This deal is an important step in WHSmith’s on-going strategy of creating value for shareholders. We have considerable experience in the investment grade space and we’re delighted to have advised WHSmith throughout the process.”