SME Financing and Leasing Solutions DAC
Thursday, 02 April 2020
ByrneWallace LLP advises SME Financing and Leasing Solutions DAC (“SME”) in relation to a working capital loan facility from the Strategic Banking Corporation of Ireland (“SBCI”).
The purpose of the loan facility was to provide funding to SME to enable it to provide leasing and hire purchase facilities to the Irish SME sector relating to the leasing and hire purchase of equipment, machinery and vehicles.
The scope of work involved negotiating and agreeing an LMA-style invoice discounting facility and all supporting security documentation, to include a debenture, share charge, subordination agreement, duty of care agreement, as well as all related corporate authorisation and ancillary documentation.
The ByrneWallace LLP team who advised on the deal include Paraic O'Kennedy and John Crowe (Banking & Finance).
For further details on this transaction, see the press coverage below.
