Strategic deal supports Reward Funding’s ambitious growth plans
Walker Morris’s banking & finance team is pleased to announce that it has successfully advised alternative finance provider Reward Funding on the £360 million refinancing of its existing debt facilities.
The deal marks a significant milestone for Reward Funding as it continues its strategic expansion, aiming to grow its loan book to £500 million over the next three years. The refinancing package includes a £100 million private securitisation from an international bank, a £150 million senior debt facility from Quilam Capital, and £110 million in new funding lines from existing partners Foresight and RMB.
The transaction underscores Walker Morris’s expertise in wholesale financing and regulatory matters. The Banking & Finance team collaborated closely with the Walker Morris Corporate and Regulatory & Compliance teams, alongside Ashurst LLP, to support Reward Funding in structuring and securing the refinancing.
Commenting on the transaction, Laura Lister, Partner in the banking & finance team, said, “The team is thrilled to have supported Reward Funding on this landmark refinancing. This deal highlights our deep expertise in wholesale financing, and it was a privilege to collaborate with the team at Reward alongside our colleagues at Ashurst.”
David Harrop, Group Finance Director at Reward Funding, added, “This refinancing represents a key milestone in our growth journey. The support from Walker Morris and our other advisors has been invaluable in structuring a deal that not only provides the necessary liquidity but also positions us to achieve our ambitious targets.”
Image provided by Walker Morris
