![]() ![]() We ensured the community-focused approach was maintained at all times (across the senior, mezzanine and shareholder documentation) to guarantee surplus cashflows for the local community. Our role was to conduct the full legal due diligence on the project, and we prepared and negotiated the finance documentation throughout the various iterations of the project from 2016 until 2018. The result was to refinance Leapfrog in full. In December 2017, we then advised Leapfrog on the refinancing and restructuring of the debt, with Leapfrog’s facility being repaid in part by Triodos Bank (as incoming senior lender) with the remaining Leapfrog debt restructured as mezzanine debt.įinally, in 2018, an innovative (and largest at the time) 18-year community investment bond offer (circa £4 million with 5% inflation linked bonds) was launched to local retail investors, underwritten by Triodos Bank and Big Society Capital. ![]()
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