Lawyers from Carey Olsen's corporate team in Guernsey have advised the States of Guernsey on its debut unsecured £225m Revolving Credit Facility (RCF).
The primary purpose of the RCF is to finance initiatives intended to address the impact of the coronavirus pandemic and to support islanders and the Guernsey economy.
It is available on a two-year term with two one-year extension options, and is being provided by Barclays, Butterfield Bank (Guernsey), HSBC Guernsey Branch, Lloyds Bank Corporate Markets Guernsey Branch, and RBS International.
The Carey Olsen team advising the States of Guernsey was led by Partner Andrew Boyce (pictured), assisted by Senior Associates Andrew Lister and Alexandria du Jardin. Onshore legal counsel was provided by Slaughter and May.
Carey Olsen's Jersey office also recently supported the States of Jersey on its debut RCF.