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Williams GPE finalises refinancing process
Discussion started by Williams F1 , 11 April, 2020 07:58
Williams GPE finalises refinancing process
Williams F1 11 April, 2020 07:58
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Re: Williams GPE finalises refinancing process
Stu69 14 April, 2020 22:57
[www.whichcar.com.au]

Interesting read!

Re: Williams GPE finalises refinancing process
IanSmithISA 15 April, 2020 08:35
Good morning,

Quote:
Stu69
https://www.whichcar.com.au/car-news/motorsport/williams-f1-team-loan
Interesting read!

Seems to be a copy of many similar posts. :-)

To me it seems like the writer is unfamiliar with the loans Williams had before the sale of most of WAE.

The previous arrangements had all of WGPH assets pledged along with WAE, as WGPE now only holds a small proportion of WAE the Heritage Assets are merely a substitution.

Again this article talks about the F1 entry, I think this needs further explanation by the writer as I don't understand it. The entry belongs to WGPE and is not transferable, Sir Frank is the major share holder in WGPE and as far as I can see

[beta.companieshouse.gov.uk]

these shares are not part of the security offered.

Still no source for the 50m loan amount. :-(

Even if the loan amount is correct the security offered and the loan amount is not much different to the position 5-6 years ago except that then none of the lenders actually wanted an F1 team whereas now one of them might.

Bye

Ian


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