Slaughter and May advised Ocado Group plc (Ocado) on a new £100 million unsecured three year revolving credit facility with Abbey National Treasury Services Plc, Barclays Bank PLC, HSBC Bank plc and The Royal Bank of Scotland plc. The purpose of the new facility is to enhance Ocado’s flexibility to support its UK expansion.

CONTACTS

Financing: Matthew Tobin (partner), David Hay (associate); Tax: Gareth Miles (partner), Charles Osborne (associate)