ByrneWallace advise Griffin Group on award-winning refinancing agreement

ByrneWallace advised Griffin Group on an award-winning deal to refinance the historically multi-banked Group’s funding under a five-year agreement with AIB.

The transaction was recognised at the 2017 Finance Dublin Awards, winning in the SME Sector Deal of the Year category.

The ByrneWallace team advised on the review and negotiation of the facilities agreement and security package for the refinancing, as well as all transaction and related ancillary documents.

Working with EY, the team also advised on the negotiation of the terms of the debt restructure and the release of security held by each of the lenders who were being refinanced.

Mark Kavanagh, head of banking and finance at ByrneWallace, was the lead partner on the transaction.

Mr Kavanagh (pictured) said: “ByrneWallace has a long tradition advising some of Ireland’s leading SMEs and family businesses in growing and funding their businesses. We are delighted to have had this opportunity to work with the Griffin Group to future proof its funding structure and support its continued long term growth.”

Michael Griffin, CEO of Griffin Group, added: “We were delighted to work with Mark and the team at ByrneWallace to successfully conclude our recent transaction.

“What impressed me most was not only the professionalism and thoroughness of the ByrneWallace team but that they really mobilised to ensure we executed within a time-sensitive window.”

The team who advised on the transaction included Mr Kavanagh, as well as solicitor Laura Fitzpatrick from the banking and finance team; property partner Alison O’Sullivan; and partner John Fitzgerald, head of insolvency and restructuring.