Areas of Expertise
Gary leads the Leeds Banking Team and is a member of the firm’s management committee.
He has extensive experience of advising registered providers of social housing on a range of financial instruments and arrangements, including syndicated and bilateral loan facilities; facility restructurings; mergers; group collapses; intra-group funding; interest rate derivatives; private shelf facilities, and high-value private bond issues.
Gary is recognised in the legal directories as a leading practitioner in social housing finance.
Gary graduated from Durham University with BA (Hons) in Economics and Politics, before completing his CPE at the College of Law in York and the LPC at BPP in Leeds.
‘Gary Grigor is the standout partner for me. His industry knowledge and insight is second to none and gives robust advice with a friendly demeanour. He takes the time to know our entire loan portfolio so that when negotiating something new, he knows immediately whether it is a good fit and can highlight any variations from the ‘norm’ so that our time as the client can be spent focused on the points we need to understand and commercially negotiate.’
One RP client recently said “I’m really impressed by the level of service provided by Gary Grigor and Natalie Swales for the latest loan we have just finalised. They were both proactive, available (email and to speak with) and went through the relevant bits / paperwork ‘in English’. In short they were fabulous!!!”.
'Gary Grigor is extremely knowledgeable and always readily available to discuss matters, whether it be the commercial big picture or an intricate point of detail. He is a strong negotiator, achieving excellent results in negotiations with minimal client input required.’
‘Gary is noted for his great stakeholder management when negotiating deals for clients, as well as his very personable and easy-going manner.’
Chambers and Partners
‘Gary is acknowledged for his excellent sector knowledge.’
Advising The Riverside Group Limited and One Housing Group on the financing arrangements emanating out of their newly forged partnership (forming one of the largest RP groups in the country) and involving more than £1 billion of debt arrangements.
Advising Beyond Housing on the successful restructuring and refinancing of its existing debt facilities in support of a long term £250 million public bond.
Advising Clarion on its transition to SONIA interest rate mechanics across its entire loan book and derivatives portfolio.
Advising Progress Housing Association on its debut capital markets issuance with a £100m private placement note issuance and associated facility restructuring.
Advising Onward Homes on £90m unsecured facilities with HSBC and Barclays.
Advising Peaks & Plains Housing Trust on new financing arrangements including bank debt and debt capital markets funding totalling £102.5m.
Advising Clanmil Housing Association (NI) on its debut private bond issuance with a £100m private placement note issuance.
Advising Broadacres Housing Association on new bank debt facilities, aggregator participation with MORhomes and restructuring existing debt arrangements totalling £165m.
Advising One Manchester on a group simplification and restructured debt facilities totalling £253m.
Advising MetLife and Barings on a highly structured private placement with Triple Point Social Housing REIT involving a £195 million note issuance.
Advising The Riverside Group Limited on the banking aspects of its £150m private placement bond issue with US investor Pricoa Private Capital.