Page 21 - Investing in Praetura Group - Christopher Carter
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5 • Valuable Banking Relationships
Pre-Securitisation £40m Facility Pre-Trading Mezzanine Growth Capital
Praetura were able to receive £13m Before PCF began Praetura agreed to a £5m
of block loan funding in year one trading Praetura agreed a £40m back- mezzanine funding line with British
of trading for PAF. to-back wholesale facility with RBSIF. Business Bank within 3 years of trading
with PAF, the first such facility from
Within 18 months the business had Within 2 years RBSIF have BBB.
a credit approved £20m RCF with RBS. already demonstrated an appetite to
increase this facility to £50m on a This was replaced with an initial
Within 5 years the business has a standalone basis. £10m mezzanine funding line from
credit approved pre-securitisation RM Capital, which has since grown
conduit facility starting at £75m. The Furthermore, RBSIF have also to £14m.
conduit has an accordion feature which shown appetite to participate in a
allows the facility to grow to £300m. larger syndicated facility between £80 - Within 2 years of trading PCF have
£100m over the next 18 months. a credit approved offer for a
£10m mezzanine funding facility from
RM Capital also.
