Clearwater International advises Day Lewis Plc on refinancing its existing facilities
Clearwater International has provided debt advisory support to Day Lewis Plc, a community pharmacy and distribution business, on a refinancing deal which provides a £125m revolving credit facility.
Founded in 1975, the Day Lewis Group is a family owned business,
consisting of one of the largest independent pharmacy chains in the UK
and Europe. The business owns and manages over 260 pharmacies in the UK
and employs over 2,600 people. Since its establishment, Day Lewis Plc
has advanced from being a traditional retail pharmacy business,
dispensing medication and offering retail products, into a
patient-orientated service provider.
The refinancing transaction will allow the business to continue with a steady growth trajectory. This is the third time Clearwater International have worked with Day Lewis Plc – having previously supported the business with two other refinancing deals.
The banking group consisted of Santander, HSBC, NatWest and Lloyds Bank.
The Clearwater International team consisted of Partner, Chris Smith and Director, Lachlan Dorrity.