Kirkland Advises Blackstone Portfolio Company Bourne Leisure on Refinancing With £2.9 Billion Facilities Agreement
Kirkland & Ellis advised Bourne Leisure, a Blackstone portfolio company, on the refinancing of its Haven portfolio of holiday parks with a £2.6 billion term facility (including an approximately £1.54 billion commercial mortgage-backed securities (CMBS) loan, the biggest in the UK market since 2008) and a £339 million capital expenditure facility.
Bourne Leisure is a UK leisure and holiday company, operating the Haven and Warner brands. Simultaneously with the refinancing, the Haven and Warner Brands were split within the Bourne Leisure Group. The facility and CMBS subscription agreement were signed on August 1, 2025, and the CMBS settlement and first utilization date occurred on August 15, 2025.
The Kirkland team included debt finance lawyers Kazik Michalski, Lloyd Robertson-Jones, Sara Topa, Lucy Hartland, Sichen Xi and Nigel Chiang; tax lawyers Mavnick Nerwal, Anthony Antioch, Sam Trowbridge, Abigail Curry and Bryan Leighton; technology & IP transactions lawyers André Duminy and Jenni Polson; and financial services regulatory lawyers Deirdre Haugh and Vilian Mladenov.
