BMI Healthcare Portfolio
Acting for Medical Properties Trust in relation to the £1.5 billion acquisition of 30 private hospitals in the largest UK real estate transaction of 2019. The portfolio’s financing had been arranged prior to the 2008 financial crisis and required a significant pre-acquisition debt restructuring.
Abbey Retail Park, Belfast
Acting for Slate Asset Management in relation to its acquisition of the Abbey Retail Park in February 2020.
Working with FTI advising an upstream oil and gas group with 16 companies in nine jurisdictions and significant liabilities, including negotiations with bondholders.
Acting for the secured creditors in respect of an £85 million settlement involving seven loans to 20+ counterparties, including a debt for equity swap.
Acting for the senior secured creditor in relation to a superprime London residential asset.
Advice in respect of a solvent restructuring of a £30 million hotel asset, including a debt for equity swap and solvent share acquisition.
Acting for the asset manager in the disposal of 21 hotels, by way of both asset and share sales, the repayment of the related banking facilities and the consequent reorganization and wind-down of the remaining corporate group.
Wavecrest UK Ltd.*
Advising the administrators of a company that trade international calling minutes. The business and assets of the company were sold by way of a prepack sale with a concurrent sale of the shares in its Italian, French and U.S. subsidiaries.
Assisting with a large due diligence exercise for Natwest Capital Markets in connection with a substantial collateral debt obligation.
Advising the lenders of a care group with a £25 million exposure on an accelerated sale process in order to keep the group out of a formal insolvency procedure, including the facilitation of financing to bridge to achieve a sale.*
Assisting a lessor in repatriating planes following administration.*
Various security reviews and enforcement work for large financial institutions in distressed scenarios (including contingency planning, interpretation of intercreditor and priority positions and subsequent negotiations outside of a formal insolvency process).*
Negotiating and drafting settlement agreements between lenders and borrowers, including in relation to real estate assets with overage considerations.*
Advising creditors and insolvency practitioners on high-profile insolvencies in relation to retention of title issues.*
Advising clients on the MVL, strike-off and company restoration processes.**Denotes experience prior to joining Goodwin.
Ms. Lockhart is a member of the Association of Business Recovery Professionals (R3). She sits on both R3's Technical Committee and the London and South East Women's Committee.