University of Essex

QMPF recently advised the University of Essex on its recent £40m fundraising.

The new sustainability linked Revolving Credit Facility (“RCF”) will be used to support the University’s capital programme and ongoing liquidity needs. The new RCF from Santander will replace an existing facility and enables the University to simplify its covenant structure and improve its access to funding as it expands further following the Covid-19 pandemic.

This transaction builds on QMPF’s 10+ year relationship with the University and we supported the University through the entire funding process – assessing the funding requirement, developing the preferred funding solution, undertaking the funding competition on behalf of the University, and helping steer the project to a successful close.