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Darlington College — Refinancing of Bank Borrowing Tender, United Kingdom - 48729946

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DARLINGTON COLLEGE has floated a tender for Darlington College — Refinancing of Bank Borrowing. The project location is United Kingdom and the tender is closing on 27 Jan 2021. The tender notice number is DEC355629, while the TOT Ref Number is 48729946. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.

Procurement Summary

Country : United Kingdom

Summary : Darlington College — Refinancing of Bank Borrowing

Deadline : 27 Jan 2021

Other Information

Notice Type : Tender

TOT Ref.No.: 48729946

Document Ref. No. : DEC355629

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : DARLINGTON COLLEGE
Darlington College
Central Park, Haughton Road
Darlington
DL1 1DR
UK
Telephone : +44 1376511411
E-mail : mark.dodd@tenetservices.com
Fax : +44 1376515970
NUTS : UK
Internet address(es)
Main address : http : //www.darlington.ac.uk/
Address of the buyer profile : http : //www.darlington.ac.uk/

United Kingdom
Email :mark.dodd@tenetservices.com
URL :http://www.darlington.ac.uk/

Tender Details

Darlington College is seeking an organisation regulated by the PRA and FCA to refinance its bank borrowing.

Title: Darlington College — Refinancing of Bank Borrowing

Published by: Darlington College

Publication Date: 22/12/2020

Deadline Date: 27/01/2021

Deadline Time: 12:00

Notice Type: Contract Notice

Has Documents: No

Has ESPD: No

Abstract: Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing.• an organisation with experience of lending to the UK education sectors;• a organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector;• the ability to provide a fully credit and pricing backed proposal to this ITT;• able to complete the refinance/restructure of existing borrowing by 10 May 2021;• an online provision to meet the needs of the college.The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each:Option 1, a GBP 3 million 5-year amortising loan with a 10-year repayment profile, option 2, a GBP 3 million revolving credit facility over 5 years, option 3 a GBP 3 million revolving credit facility over 3 years.