Natalie Swales

Natalie Swales

Solicitor


Areas of Expertise

Natalie is an experienced Senior Solicitor in our Banking Team who specialises in non-contentious transactional finance work. Natalie primarily specialises in social and affordable housing finance including sustainability-linked lending.

Natalie has a breadth of experience advising borrowers, lenders, private bond arrangers and trustees on a range of financial arrangements, including private bond issues, secured and unsecured lending, facility restructurings, sustainability-linked lending, intra-group funding agreements, joint venture arrangements, group re-financings emanating from merger/group re-organisations and interest rate derivatives.

In addition to negotiating facility/bond documentation, Natalie also advises on security arrangements, working closely alongside the Property Charging Team.


Experience

Prior to joining Devonshires Solicitors, Natalie was an Associate in the Banking Team at Addleshaw Goddard LLP.


Directories

Natalie is recognised in the 2019 Edition of Legal 500 as being “extremely knowledgeable and very hardworking.”


Education

Natalie graduated from the University of Manchester with an LLB in Law, before completing her LPC at BPP in Leeds.


Personal

Outside of work Natalie enjoys travelling, spending time with her young family, exploring the Yorkshire Dales and caring for her miniature Shetland ponies.


News Articles

Natalie co-authored an article with Chris Dun of Brodies LLP on investing in social housing in Scotland compared to England which was published in Social Housing Magazine:

Professional Membership

Natalie is the current chair of “Friends of Gomersal Primary School” a charity based in West Yorkshire which raises funds to provide additional resources for pupils at Gomersal Primary School.

Testimonials

“I haven’t worked with a better lawyer on loan agreements”

RP client

“I am fairly confident that I would not have made it through to the end of the process without Natalie Swales, who has answered all my queries in a timely and professional manner, I have never for one moment doubted that she has been acting in [the Association’s] best interest throughout this process and I am confident that thanks to her persistence and tenacity we have ended on the best possible deal”.

RP client

Natalie is “very professional and really helpful”.

RSL client

Get in touch


0113 733 7034
natalie.swales@devonshires.co.uk
LinkedIn
Leeds Office
Devonshires Solicitors LLP
First Floor, No 1 Whitehall Riverside, Whitehall Road
Leeds
LS1 4BN

PA: Olivia Shepherd
0113 733 7031
olivia.shepherd@devonshires.co.uk

Notable Cases

Natalie advised Cheshire Peaks and Plains Housing Trust on their £102.m refinancing which involved a £72.m private placement with Aviva Investors and a new £30m revolving credit facility with Barclays.

Natalie advised Onward on £90m unsecured revolving credit facilities which will be used to finance Onward’s development pipeline. She advised on the suite of banking documentation and worked closely with Centrus as financial advisers and arranger.

Natalie advised Riverside on their merger with One Housing which saw One Housing become a subsidiary of Riverside in December 2021. Natalie conducted due diligence on the respective loan portfolios and advised on funder consents alongside the Governance Team who advised on corporate and governance related matters.

Natalie advised Yorkshire Housing Limited on a hybrid loan facility and note purchase agreement, with the first 2 years of the debt being vested with MUFG, before flipping out into a private placement structure with Blackrock for the remaining 25 years of the debt.

Natalie advised TRGL on a £150m private placement bond issue with US Investor Pricoa Capital. Natalie, along with her team worked alongside TRGL and HSBC as arranger to structure a deal that ultimately agreed on 2 deferred issuances for £50m Series A Notes with a maturity in 2041 and £100m Series B Notes with a maturity in 2051.

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