Linklaters advises banks on £300m revolving credit facility and £578m equity placing for Ocado Group

Linklaters has advised the bank syndicates on a debt and equity capital raising for the online grocery technology business, Ocado Group, comprising a debut £300m revolving credit facility and a £578m equity placing.

This funding secures sufficient liquidity to deliver the requirements of Ocado’s existing and expected customer commitments into the mid-term, including funding the Group’s plans to deliver a pipeline of 58 announced Customer Fulfilment Centres (CFCs) to 11 of the world’s leading grocers globally.

The cross-practice team included banking partner James Martin and managing associate Atish Shah, corporate partners James Wootton and Pam Shores and counsel Asad Ahmed.