Global law firm White & Case LLP has advised Amigo Holdings PLC (Amigo), the leading company in the UK guarantor loan space, on the completion of its inaugural £150 million securitisation facility.

The facility will be used to fund new customer originations and repay drawings under the company's existing revolving credit facility, as Amigo continues to expand in the UK's non-standard finance market.

"Amigo's inaugural securitisation is the first transaction of its kind in the guarantor loan sector," said White & Case partner Chris McGarry, who led the Firm's deal team. "This represents a significant milestone for Amigo as securitisation financing is the most efficient way to finance assets of this nature, and is another example of White & Case helping clients to break new ground in the securitisation market."

White & Case partner Ashley Ballard, relationship partner for Amigo, said: "This transaction is yet another achievement for Amigo, and demonstrates the way in which lawyers across White & Case practices are supporting the continued development of the business."

White & Case also advised Amigo on its premium listing initial public offering on the London Stock Exchange in July 2018, which valued the company at approximately £1.3 billion, its issuance during 2017 of an aggregate principal amount of £400 million in senior secured notes, and its revolving credit facility with current commitments of £159.5 million. In addition, White & Case corporate, public company and employment lawyers continue to support Amigo on a day-to-day basis.

The White & Case team in London which advised on the securitisation was led by partner Chris McGarry and included partner Tom Falkus and associates Adam Farrell and James Tanner.