Collas Crill’s Guernsey office acted as counsel to the Royal Bank of Scotland International, trading as NatWest International, for the bank's provision of a multimillion-pound revolving credit facility to Guernsey Electricity.
The facility is being provided to assist Guernsey Electricity with the refinance and extension of its existing credit lines and for general working capital and capital expenditure purposes.
Collas Crill prepared and negotiated the primary finance documents and advised the bank in respect of the new facility. Paul Wilkes, Group Partner, led the deal, with the assistance of Senior Associate Alex Wickens.
Guernsey Electricity is wholly owned by the States of Guernsey and is committed to planning for the island’s future energy needs to provide a secure, sustainable and reliable electricity service to the island.
NatWest International has been established in Guernsey for over 190 years and operates across six jurisdictions under four brands.