Slaughter and May advised Ocado - amendment and extension of its existing unsecured revolving credit facility

Slaughter and May advised Ocado Group plc (Ocado) on the amendment and extension of its existing unsecured revolving credit facility. The facility was increased from £100 million to £210 million and extended by two years, to 1 July 2019. The amendments also included improved pricing and increased covenant headroom. The participating banks are Abbey National Treasury Services Plc, Barclays Bank PLC, HSBC Bank plc and The Royal Bank of Scotland plc.