Areas of Expertise
Carolyn advises on all aspects of finance made available to Registered Providers, including bond issues, private placements, syndicated and bilateral loans, the funding of Large Scale Voluntary Transfers (LSVTs), group restructures, intra-group funding and interest rate derivatives and related security.
She also advises on security trustee arrangements in connection with the group funding arrangements of RPs including fundraisings on capital markets. Carolyn also advises on constitutional and regulatory matters in relation to finance transactions and intra-group funding.
Prior to Devonshires Solicitors, Carolyn trained and worked as a solicitor specialising in international asset finance at Watson, Farley & Williams where she advised on all aspects of ship finance for buyers, sellers and banks. She spent time in their offices in Norway and New York and 18 months working in Paris.
Carolyn graduated from the University of Birmingham with an LLB in law.
Carolyn is a keen runner and has completed the London Marathon and competed several times in the London Triathlon with a relay team from Devonshires Solicitors raising funds for Devonshires’ chosen charities. Carolyn also enjoys food and wine related activities and is a keen cook and enthusiastic member of Richmond Wine Society.
Carolyn acted for the newly-formed One Manchester group on a £168 million restructuring and refinancing of existing loan facilities for Eastlands Homes Partnership Limited and City South Manchester Housing Trust Limited through a new treasury vehicle resulting from the new group structure including negotiating the terms of the new loan agreements and security trust arrangements.
Carolyn acted for Paragon Community Housing Group Limited on the restructuring of its existing debt out of the proceeds of the first Registered Provider bond deal to be completed in 2015 including negotiating the terms of the amended loan documentation and co-ordinating the refinancing with the bond issue.
Carolyn has acted for numerous Registered Providers on the issue and sale of notes through M&G Investment Management Limited including the first deal of its type in the Welsh housing sector involving 17 registered social landlords and the Welsh Ministers.