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Ashurst advises lenders on new syndicated revolving credit facility for Wickes Group
Global law firm Ashurst has advised the lenders on a new £80 million syndicated revolving credit facility for Wickes Group plc.
The new facility has been put in place for the Wickes Group’s general corporate purposes in connection with its demerger from Travis Perkins.
Travis Perkins initially announced its intention to demerge Wickes in July 2019, but had placed the process on hold in March 2020 as a result of the level of uncertainty around the impact of the COVID-19 pandemic. With the Travis Perkins Group and Wickes having demonstrated the resilience of their operating models through 2020, it was announced in March 2021 that the process would recommence.
Builders Merchants News - Travis Perkins and Wickes part ways as demerger is completed buildersmerchantsnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from buildersmerchantsnews.co.uk Daily Mail and Mail on Sunday newspapers.
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Keyline joins Kickstart employment scheme 18 January, 2021 SHARE Keyline Civils Specialist has joined the Government’s Kickstart Scheme – a placement programme designed to support young people into the workforce.
As part of 800 placements created across the Travis Perkins Group, Keyline is offering 21 positions for unemployed 16-24 year olds with initial six month work placements across various divisions. The scheme will run alongside an existing portfolio of apprenticeships, and learning and development programmes already offered at Keyline.
The Kickstart Scheme was announced in 2020 as a Government-funded initiative enabling employers to create new job placements for young people on Universal Credit who are at risk of long-term unemployment.