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University of York – £120m PP

Education

University of York – £120m PP

QMPF advised the University of York on its successful £120m private placement. The deal attracted strong interest from investors and was heavily oversubscribed, reflecting both the University’s recent successes and future prospects. The placement delivered long term funding at an all-in rate of around 3% and will be used to support further investment in campus and refinance some of its existing bank and EIB loans.

Jeremy Lindley, Finance Director at York, said “QMPF advised the University throughout the process of securing our recent private placement. They provided valuable assistance in reviewing our forecasts, our existing covenant requirements and considering appropriate financing options given the University’s ongoing capital programme. We were impressed with the team’s knowledge and insight which was particularly helpful during the evaluation of bids received. We would be happy to work with QMPF in the future.”

For further information contact:

Peter Lyons

Partner
+44 (0)131 222 2613

Andrew Dougans

Associate Director
+44 (0)131 222 2601

DATE

December 2018

SECTOR

Education

TRANSACTION

Private Placement

VALUE

£120m

ROLE

Financial Adviser