The Challenge
A family-owned, Northwest based care home operator was connected to PMD by one of our valued professional introducers.
The client was looking to refinance their existing term loan facilities upon expiry of their initial commitment period.
The Solution
PMD introduced the client to a prominent challenger bank with a specialist health care sector division.
Our deep understanding of the client’s industry ensured that the borrower received a ‘best in class’ ongoing relationship service in addition to competitive debt pricing and terms.
The Result
Working with the client over several months, PMD successfully negotiated reduced borrowing costs for the client, benchmarked against their existing loan terms.
Having presented a strong debt servicing case, supported by robust financial forecasts, the new bank also agreed to an element of cash out as part of the transaction.
This enabled the directors to repay elements of their director’s loan account in support of succession planning for the management team.
PMD is not simply a transactional commercial finance intermediary. We take pride in matching our client’s values with those of our funding partners. This is particularly pertinent in the specialist sectors such as healthcare whereby the nuances of our client’s business can only be serviced by a banking partner who truly understands their industry challenges & opportunities. Many of our team members are ex-bankers who not only understand how to lend money, but are also well networked across the commercial & corporate banking space. This particular transaction brings to life the value that PMD can add when clients are looking at a re-bank or refinance scenario.