Our Banking & Finance team advises Reward Funding on £360 million deal to support growth plans
27th March 2025
Our Banking and Finance team is pleased to announce that it’s successfully advised alternative finance provider Reward Funding on the £360 million refinancing of its existing debt facilities.
The deal represents a milestone for Reward Funding and its strategic expansion. Reward Funding aims to increase its loan book to £500 million over three years. The refinancing comprised a £100 million private securitisation from an international bank, a £150 million senior debt facility from Quilam Capital, and £110 million new funding lines from existing partners Foresight and RMB.
The transaction highlights our wholesale financing and regulatory expertise. The Banking team worked alongside the our Corporate and Regulatory & Compliance team and with Ashurst LLP to support Reward.
The team was led by Laura Lister, Partner in our Banking & Finance Team, with significant support from; Philip Scott (Banking & Finance), Lauren Hall (Banking & Finance), Ben Challenger (Corporate), Andrew Northage (Regulatory & Compliance) and Jessica Padget (Regulatory & Compliance).
Commenting on the transaction, Laura Lister said: “The team are thrilled to have supported Reward Funding on this landmark refinancing. This deal highlights our knowledge and expertise in wholesale financing, and it was a privilege to collaborate with the team at Reward alongside our colleagues at Ashurst.”
David Harrop, Group Finance Director at Reward Funding, added: “This refinancing represents a milestone in our growth journey. The support from Walker Morris and the other advisors has been invaluable in helping us structure a deal that not only provides the necessary liquidity but also positions us to meet our ambitious targets.”
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