Appleby has acted as lead counsel for OakNorth Bank in a financing arrangement for LV Care Group.
LV Care Group used a bespoke debt finance package from OakNorth Bank to refinance three care homes in Jersey and to acquire two additional sites, one in Jersey and one in the Isle of Man.
The transaction included a facility for LV Care Group to redevelop one of its existing sites.
This was OakNorth Bank's first Jersey law financing. Appleby Partner James Gaudin and Associate Daniel Healy co-ordinated the Appleby team and led on the financing aspects, assisted by paralegal Angharad Prescott.
Partner Tim Hart and Counsel Jonathan Anderson advised on the real estate aspects of the transaction, whilst Partner Kyle Sutherland and Associate Melissa Wong provided Isle of Man advice.
Fabien Bonavia, Senior Director at OakNorth Bank, added: “This was a challenging transaction for us, given that the assets were located in Jersey, which is a relatively new jurisdiction for OakNorth. James and his team provided us with timely advice on a complex deal."