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20 CURSITOR STREET, LONDON, EC4A 1LT, ENGLAND
Tel:
Work 020 7831 9222
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Fax 020 7831 9607
DX:
138 LONDON CHANCERY LANE WC2
Web:
www.macfarlanes.com

Richard Fletcher

Tel:
Work 020 7831 9222
Email:
Macfarlanes LLP

Work Department

Partner in the banking and finance group advising financial institutions and corporates on a range of financing matters. He focuses on fund finance, speciality finance and structured finance including the structured finance and debt capital markets aspects of project finance, infrastructure finance and restructurings.


London: Finance

Debt capital markets

Within: Debt capital markets

Macfarlanes LLP¬†has a small dedicated DCM team in London that focuses on¬†complex capital markets transactions for a diverse¬†client base of financial institutions, corporates, investors and other market participants. The practice acted for¬†Venn Partners LLP, PRS Operations Limited and PRS Finance plc in their capacities as manager, licensee and issuer¬†respectively in a ¬£3.5bn debt programme connected to the¬†Private Rented Housing Guarantee Scheme. The firm also advised Venn on the amendment of this programme and the issuance of notes with a combined value of ¬£131m. Another key deal saw the firm advise Ben Oldman Partners and the issuer, Ben Oldman Real Estate Secured Bond, on a ‚ā¨40m offering backed by real estate investments in southern European countries.¬†Richard Fletcher¬†is the sole partner in the practice and he frequently advises on MTN programmes, commercial paper, project bonds and infrastructure financing. He handled Castle Trust Direct's ¬£1.5bn programme for the issuance of fixed and floating rate notes to be offered by Castle Trust as Fortress Bonds.

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Legal Developments by:
Macfarlanes LLP

  • Finding the ‚Ä®right words

    In the recent case of Newbury v Sun Microsystems [2013], the defendant argued that an offer to settle proceedings was ‚Äėin principle' only and that a binding contract could not be formed until further terms had been agreed and a formal contract had been signed. It supported this argument by referring to a statement, in the offer letter, that the settlement was to be ‚Äėrecorded in a suitably worded agreement'. ‚Ä©
    - Macfarlanes

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