Slaughter and May advised Non-Standard Finance plc on the establishment of a new £200m securitisation facility

Slaughter and May advised Non-Standard Finance plc and its subsidiaries (together, “NSF”) on the establishment of a new £200m private consumer loan securitisation facility (the “New Facility”).

On satisfaction of certain conditions precedent (which NSF anticipates will occur shortly), the New Facility will be available to fund continued loan book growth for NSF’s branch-based and guarantor loans divisions. It is also expected that the New Facility will be used to repay a proportion of the current outstanding debt under NSF’s existing drawn credit facilities.