Eversheds has advised University College London (UCL) on a new financing loan arrangement provided by a syndicate of banks.

The £150m loan was provided by HSBC, Lloyds Bank, RBS and Barclays to help the University with its continued growth and development.

The Eversheds team was led by Partner Nigel Dale, assisted by Associate Marie-Charlotte Chambers.

Nigel Dale commented:

“Eversheds has a market leading education practice, and has advised a number of universities and education institutions in recent years. It has been a pleasure to work with UCL, a long established client, to secure this funding to help it maintain its position as one of the world’s leading universities.”

Philip Harding, Director of Finance and Business Affairs at UCL, said:

“As our legal advisers, Eversheds provided excellent technical expertise and sector knowledge. The team were also intrinsic in ensuring the deal was completed in a timely and successful manner."